Gold price settled at the bearish channel’s resistance that appears on the chart, showing signs of starting bearish rebound from there, supported by stochastic negativity, but we prefer staying aside until we get clearer signal for the next trend, as trading above the EMA50 forms positive factor that might push the price to achieve more gains.

The price needs to breach 1820.00 resistance or break 1800.00 support to detect its next destination clearly, noting that breaking this support will press on the price to resume the bearish trend that targets 1765.00 followed by 1740.00 levels as main stations, while breaching the resistance represents the key to rally towards achieving more rise and head towards 1840.00 followed by 1855.00 areas mainly.

The expected trading range for today is between 1790.00 support and 1830.00 resistance.

The expected trend for today: Neutral

The GBPUSD pair provided clear positive trades to approach 1.4100 level, reinforcing the expectations of continuing the main bullish trend, which targets 1.4200 as a next main station.

The EMA50 keeps supporting the price from below, to support the chances of achieving more gains in the upcoming period, taking into consideration that holding above 1.4000 is important to continue the expected rise.

The expected trading range for today is between 1.4000 support and 1.4170 resistance.

The expected trend for today: Bullish

The USDCAD pair continues to fluctuate at 1.2589 level, facing solid support there, while the EMA50 forms negative pressure that supports the chances of breaking the mentioned level and open the way to continue the bearish wave, which targets 1.2527 as a next station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, organized inside the intraday bearish channel that appears on the chart, reminding you that it is important to hold below 1.2655 to continue the expected decline.

The expected trading range for today is between 1.2530 support and 1.2655 resistance.

The expected trend for today: Bearish

The USDJPY pair provided positive trades yesterday but it bounced downwards strongly to break 105.20 level and settles below it, which stops the recently suggested positive scenario and push the price to turn to decline, on its way to achieve negative targets that start at 104.40 and extend to 103.65.

Therefore, the bearish bias will be expected for today, supported by the completion of the double top pattern that its signs appear on the chart, noting that the continuation of the expected decline requires holding below 105.20.

The expected trading range for today is between 104.40 support and 105.50 resistance

The expected trend for today: Bearish