Gold price returns to rise after the decline that it witnessed in the previous sessions, to approach testing the key resistance 1960.00, noticing that the EMA50 continues to form the negative pressure against the price, waiting to resume the bearish wave that targets 1925.35 as a next station.

In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1960.00 and hold with a daily close above it.

The expected trading range for today is between 1925.00 support and 1970.00 resistance.

The expected trend for today: Bearish

The USDCAD pair traded with strong positivity yesterday to test 1.2590 level, settling there now, accompanied by stochastic loss to the positive momentum and reaching the overbought areas, waiting to motivate the price to resume the correctional bearish trend, which targets testing 1.2480 level again.

The EMA50 attempts to protect the suggested negative scenario, which will remain valid unless breaching 1.2590 and holding above it.

The expected trading range for today is between 1.2500 support and 1.2640 resistance.

The expected trend for today: Bearish

The USDJPY pair leaned on the intraday bullish trend line that appears on the chart, waiting to resume the bullish trend that targets 130.00 as a next main station, supported by the EMA50 that continues to carry the price from below.

Note that breaking 128.10 will put the price under intraday negative pressure to head towards visiting 127.00 before any new positive attempt.

The expected trading range for today is between 127.80 support and 129.00 resistance

The expected trend for today: Overall bullish

The GBPUSD pair faced intraday negative pressure to approach the key support 1.3000, noticing that stochastic got rid of its negative momentum to enter the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its targets begin by testing 1.3145.

On the other hand, we should note that breaking 1.3000 will stop the expected rise and press on the price to resume the main bearish trend again.

The expected trading range for today is between 1.2970 support and 1.3120 resistance.

The expected trend for today: Bullish