Gold witnessed fluctuating trading during its recent intraday trading, attempting to gain bullish momentum that might help it to recover and rise again, where this fluctuations is accompanied by the stability of the trading above $4,700, in a positive signal for a potential recovery, especially with the continuation if the positive and dynamic pressure that is represented by its trading above EMA50, with the emergence of positive signals from the relative strength indicators, after reaching oversold levels.

The EURUSD pair surged higher in its last intraday trading, due to its stability on the support of EMA50, gaining bullish momentum, especially with the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path.

The CHFJPY resisted the last negative pressure by providing several closes above 200.40 level, which forms a key support level against the attempts of confirming the trend, to begin forming bullish waves, to settle near 201.20 level.

Providing positive momentum by stochastic will increase the efficiency of the bullish trend, to expect attacking 201.65 level, and surpassing it will confirm the bullish attempts by its rally towards 202.20 and 202.80.

The expected trading range for today is between 200.50 and 201.65

Trend forecast: Bullish

Despite the neediness of the negative momentum by EURJPY pair in the last trading, its stability below 185.45 barrier confirms its surrender to the bearish bias, fluctuating near 184.10, attempting to gather extra negative momentum.

The price needs to provide negative close below %50 Fibonacci corrective level at 183.35, to ease the mission of forming strong bearish waves, to target 182.70 level, attempting to press on the barrier at 182.00.

The expected trading range for today is between 182.00 and 184.70

Trend forecast: Bearish