Gold price trades with clear positivity now, to test 1797.00 level and attempts to breach it, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend active, which targets 1770.00 mainly.

Note that breaching 1797.00 and holding above it will push the price to achieve additional gains and test 1825.15 before any new attempt to decline.

The expected trading range for today is between 1780.00 support and 1815.00 resistance.

The expected trend for today: Bearish

The USDCAD pair begins today with clear rise to start testing 1.2725 level, waiting for more bullish bias to surpass this level and confirm extending the bullish wave towards 1.2950 on the near term basis.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by the EMA50, reminding you that it is important to hold above 1.2590 to continue the suggested rise.

The expected trading range for today is between 1.2660 support and 1.2800 resistance.

The expected trend for today: Bullish

The USDJPY pair opens today’s trading with strong negativity to attack 114.70 level, which hints that the price is on its way for potential test to the bullish channel’s support line around 114.00 before turning back to rise again, making the bearish bias suggested temporarily, waiting to resume the main bullish wave after testing the mentioned support.

Note that breaking 114.00 will stop the positive scenario and press on the price to achieve bearish correction for the bullish wave that started from 109.12 areas to this week recorded high.

The expected trading range for today is between 114.00 support and 115.30 resistance

The expected trend for today: Bearish temporarily

The GBPUSD pair shows new negative trades now, to start pressing on 1.3300 barrier, which supports the continuation of the expected bearish trend scenario on the intraday and short term basis, organized inside the bearish channel that appears on the chart, waiting to visit 1.3160 as a main target.

Holding below 1.3355 is important to continue the expected decline, noting that the EMA50 continues to support the suggested bearish wave.

The expected trading range for today is between 1.3210 support and 1.3360 resistance.

The expected trend for today: Bearish