Gold price continued to rise to test the resistance line that appears on the chart, retracing the decline that started from 1959.30 areas, as it faces good resistance formed by 23.6% Fibonacci correction level at 1850.80, and the EMA50 meets this resistance to add more strength to it.

Therefore, we believe that the chances valid to rebound bearishly and resume the expected bearish trend for the upcoming period, which targets 1800.00 as a next station, noting that breaching 1850.80 will push the price to achieve more bullish correction and head towards 1871.55 direct.

The expected trading range for today is between 1820.00 support and 1860.00 resistance.

The expected trend for today: Bearish

The USDCAD pair continues to decline to approach the key support 1.2688, to support the continuation of the expected bearish trend for the upcoming period, waiting to break this support to confirm extending the bearish wave towards 1.2475.

The bearish channel organizes the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2780 and hold above it.

The expected trading range for today is between 1.2640 support and 1.2770 resistance.

The expected trend for today: Bearish

The USDJPY pair could not manage to hold for long time above the resistance line that appears on the chart, to trade negatively and approach the key support 103.65, which brings us back to the neutrality until the price confirms breaking the mentioned support or breaching 104.10 resistance to detect its next trend clearly.

Note that breaking the mentioned support will press on the price to resume the main bearish trend that its next target located at 102.50, while breaching the resistance represents the key to start recovery attempts that target 105.20 areas initially.

The expected trading range for today is between 103.00 support and 104.50 resistance

The expected trend for today: Neutral

The GBPUSD pair managed to breach 1.3615 level and hold above it, to open the way to achieve our positive targets that start at 1.3700 and extend to 1.3815, noting that moving above the EMA50 supports the positive overview.

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the rise, while the expected rise will remain valid unless breaking 1.3615 and hold below it.

The expected trading range for today is between 1.3580 support and 1.3750 resistance.

The expected trend for today: Bullish