Gold price continued to rise to breach 1928.60 level and close the daily candlestick above it, to exit the sideways range and activate the positive scenario on the intraday basis, opening the way to achieve new gains that reach 1950.00 as a next station.

Therefore, the bullish bias will be suggested for the upcoming period supported by the EMA50, noting that failing to hold above 1928.60 will put the price under intraday negative pressure and head towards testing 1900.00 initially.

The expected trading range for today is between 1915.00 support and 1950.00 resistance.

The expected trend for today: Bullish

The USDCAD pair bounced bearishly after testing 1.3500 level in the previous sessions, to resume the expected bearish trend on the intraday basis, on its way to visit 1.3350 mainly.

Breaking 1.3435 will ease the mission of achieving the waited target, while the continuation of the bearish wave depends on the price stability below 1.3500.

The expected trading range for today is between 1.3370 support and 1.3510 resistance.

The expected trend for today: Bearish

The USDJPY pair fluctuates positively to test the key resistance 128.90, accompanied by stochastic reach to the overbought areas, while the EMA50 forms negative pressure against the price, thus, we believe that the chances valid to resume the main bearish trend, which targets 127.10 followed by 126.35 levels as next main stations.

Therefore, the bearish bias will be suggested for today unless breaching 128.90 and holding with a daily close above it.

The expected trading range for today is between 127.60 support and 129.50 resistance

The expected trend for today: Bearish

The GBPUSD pair resumes its positive trading to approach 1.2440 level, and continues to move inside the bullish channel that supports the chances of breaching the mentioned level to open the way to head towards 1.2590 as a next station.

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that it is important to hold above 1.2295 to continue the expected rise.

The expected trading range for today is between 1.2310 support and 1.2480 resistance.

The expected trend for today: Bullish