Gold price leaned on the EMA50 and started to rebound bullishly from there, to support the chances of resuming the expected bullish trend on the intraday and short-term basis, which targets 2400.00$ as a next main station.

Breaching 2380.00$ will ease the mission to achieve the suggested target, while breaking 2340.10$ will stop the bullish wave and push the price to return to the correctional bearish track again, to head towards visiting 2272.06$ as a next negative target.

The expected trading range for today is between 2350.00$ support and 2390.00$ resistance.

Trend forecast: Bullish

The USDCAD price didn’t show any strong move yesterday, to fluctuate around 1.3630$ level, thus, no change to the expected bearish trend for the upcoming period, which its targets begin by breaking 1.3590$ to open the way to achieve more bearish correction, which its next targets reach 1.3515$ followed by 1.3435$, reminding you that the continuation of the bearish wave depends on the price stability below 1.3690$.

The expected trading range for today is between 1.3560$ support and 1.3700$ resistance.

Trend forecast: Bearish

The USDJPY price breached 161.00 level clearly and settled above it, as we notice that the price completed forming bullish flag pattern that supports the chances of achieving more rise in the upcoming sessions and head to resume the main bullish trend, making the bullish bias suggested for today, noting that the next target is located at 162.40.

Therefore, we suggest witnessing additional positive trades today unless breaking 160.75 and holding with a daily close below it.

The expected trading range for today is between 160.80 support and 162.40 resistance

Trend forecast: Bearish

The GBPUSD price provided negative trades yesterday to move below 1.2800$ level, but we notice that it begins today with bullish bias that hints the attempt to recover and resume the bullish trend again, on its way to visit 1.2890$ that represent sour next main target.

Therefore, we expect to witness positive trades in the upcoming sessions, supported by the EMA50 that carries the price from below, taking into consideration that failing to trade above 1.2800$ again will push the price to achieve additional decline and test 1.2700$ before any new attempt to rise.

The expected trading range for today is between 1.2730$ support and 1.2880$ resistance.

Trend forecast: Bullish