Gold price begins today’s trading positively after consolidating above 1635.20, to approach testing 1655.90 barrier, getting positive support by the EMA50 and stochastic, to reinforce the chances of breaching the last level followed by opening the way to head towards our next target that reaches 1720.00.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, reminding you that it is important to hold above 1635.20 to achieve the waited targets.

The expected trading range for today is between 1635.00 support and 1670.00 resistance.

The expected trend for today: Overall Bullish

The USDCAD pair rallied upwards strongly yesterday to breach 1.3286 level followed by the recently recorded top at 1.3329 and settles above it, which stops the recently suggested negative scenario and leads the price to resume the main bullish trend, which its next target located at 1.3382.

Therefore, we suggest witnessing more rise in the upcoming sessions, noting that breaking 1.3329 might press on the price to start intraday bearish correction before resuming the suggested bullish wave.

The expected trading range for today is between 1.3300 support and 1.3400 resistance.

The expected trend for today: Bullish

The USDJPY pair shows new negative trades by today’s opening to press on 110.27 and moves below it, which supports the continuation of the expected bearish trend on the intraday basis, which targets 109.24 level mainly.

Stochastic provides negative overlapping signal that supports achieving more decline in the upcoming sessions, taking into consideration that the continuation of the bearish wave conditions holding below 111.30.

The expected trading range for today is between 109.40 support and 110.75 resistance

The expected trend for today: Bearish

The GBPUSD pair succeeded to break 1.2920 level and closed the daily candlestick below it, which supports the continuation of the correctional bearish scenario, paving the way to head towards 1.2736 that represents the next correctional target.

Therefore, the bearish bias will remain suggested in the upcoming sessions, noting that the continuation of the bearish wave conditions holding below 1.3040.

The expected trading range for today is between 1.2830 support and 1.3000 resistance.

The expected trend for today: Bearish