Gold price could not manage to break 1447.00 level, to rebound bearishly on its way for potential test to 1489.00 level, which makes us suggest witnessing more rise today, noting that we will be waiting for bearish rebound from the targeted areas to resume the correctional bearish trend again.

On the other hand, we should note that breaking 1447.00 will stop the suggested rise and press on the price to decline towards 1413.10 direct.

The expected trading range for today is between 1447.00 support and 1480.00 resistance.

The expected trend for today: Bullish

The USDCAD pair begins today’s trading with bullish bias to breach 1.3240 level and attempts to hold above it, which supports the continuation of our bullish overview, reinforced by the positive signal provided by stochastic now, besides the EMA50 that carries the price from below, waiting to visit 1.3295 followed by 1.3380 levels as next main stations.

Holding above 1.3155 is important to continue the expected rise, as breaking it will put the price under the negative pressure again.

The expected trading range for today is between 1.3180 support and 1.3320 resistance.

The expected trend for today: Bullish

The USDJPY pair returns to fluctuate at the EMA50 after testing 109.33 level yesterday, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the bullish bias to breach the mentioned level and confirm the extension of the bullish wave on the intraday and short term basis, reminding you that our next target is located at 110.50.

Therefore, we will continue to suggest the bullish trend conditioned by the price stability above 108.40, depending on the organized trading inside the bullish channel that appears on the chart.

The expected trading range for today is between 108.40 support and 110.00 resistance

The expected trend for today: Bullish

The GBPUSD pair keeps its stability above 1.2840 level, to keep the bullish trend scenario valid and active for today, which targets visiting 1.3045 level mainly.

We should note that breaking 1.2840 followed by 1.2800 levels will activate the negative effect of the double top pattern that has negative targets that start at 1.2670 and extend to 1.2585.

The expected trading range for today is between 1.2770 support and 1.2950 resistance.

The expected trend for today: Bullish