Gold prices traded with clear positivity yesterday to attack the bearish channel’s resistance and attempts to confirm breaching it, but we notice that it faced solid resistance at 1929.00, to decline again and attempt to return to the channel again, accompanied by witnessing continuous negative signals by stochastic.

Therefore, we expect to witness negative trades in the upcoming sessions, and the targets begin by breaking 1913.15 to confirm opening the way to rally towards 1873.50, noting that breaching 1929.00 will push the price to achieve additional gains that reach 1945.20 as a next positive station.

The expected trading range for today is between 1900.00 support and 1935.00 resistance.

The expected trend for today: Bearish

The USDCAD pair didn’t show any strong move yesterday, as it fluctuated within tight range, keeping its stability above 1.3205, thus, no change to the bullish trend scenario that depends on the price stability above the mentioned level, supported by the EMA50 that carries the price from below, reminding you that we are waiting to visit 1.3350 as a next main target.

The expected trading range for today is between 1.3190 support and 1.3330 resistance.

The expected trend for today: Bullish

The USDJPY pair traded with clear negativity yesterday to attack 144.25 level and attempts to break it, but it returns to settle above it, to keep the chances valid to continue the expected bullish trend on the intraday and short term basis, which targets 146.10 areas as a next main station.

The EMA50 continues to support the suggested bullish wave, taking into consideration that breaking 144.25 and holding below it will stop the expected bullish trend and force the price to achieve some intraday bearish correction.

The expected trading range for today is between 144.00 support and 145.50 resistance

The expected trend for today: Bullish

The GBPUSD pair returned to rise and test the key resistance 1.2720, noticing that the price consolidated below this level, to keep the bearish trend scenario valid and active for the upcoming period, waiting to decline to achieve our negative targets that start by breaking 1.2640 followed by rallying towards 1.2580 and 1.2515 levels.

Therefore, we will continue to suggest the correctional bearish trend, which depends on the price stability below 1.2720, as breaching it will push the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 1.2590 support and 1.2740 resistance.

The expected trend for today: Bearish