The price of (ETHUSD) rose in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels previously, to succeed in its last rise to get rid of the negative pressure on the (RSI), opening the way towards achieving more of the gains, amid the dominance of the bullish correctional trend on the short-term basis.

The NZDCAD activated the bullish attempts in its last trading, taking advantage of its lean above the bullish channel’s support at 0.8240 level, achieving some of the gains by reaching extra significant resistance near 0.8325.

Note that the main indicators unionism by providing the positive momentum, specifically stochastic reach to the overbought levels, will reinforce the chances for breaching the current resistance, to ease the mission of achieving extra gains that might extend to 0.8370 reaching the next target at 0.8405.

The expected trading range for today is between 0.8295 and 0.8370

Trend forecast: Bullish

Despite the EURJPY pair’s neediness to provide a positive close above 168.80 level confirms decreasing the effect of the bearish correctional track in the current period, to rally again to settle near 169.35.

Note that surpassing 169.85 level is important to ease the mission of resuming the bullish attempts, which might target the resistance of the bullish channel at 170.55, while activating the correctional track requires a strong decline to ease the mission of breaking the initial support at 168.05.

The expected trading range for today is between 168.70 and 170.55

Trend forecast: Bullish

The GBPJPY pair formed more of the negative correctional trading, to achieve the correctional target by reaching 196.25, to bounce quickly to 197.40 keeping its overall stability within the bullish channel levels that appear in the above image.

The continuation of the main indicators contradiction makes us expect the price affection by the instability until gathering extra positive momentum, while allows it to surpass 197.60 level and holding above it, to form new bullish waves to press on the barrier at 198.80.

The expected trading range for today is between 169.50 and 198.80

Trend forecast: Bullish