Gold price breached 1797.00 level clearly and ended yesterday above it, which leads the price to turn to rise and achieve expected gains on the intraday basis, on its way to visit 1825.15 initially.

Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 1797.00 will stop the expected rise and press on the price to decline again.

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

The expected trend for today: Bullish

The USDCAD pair touched our first waited target at 1.2600 yesterday and bounced upwards strongly to test 1.2700 barrier, noticing that stochastic lost its positive momentum clearly, to support the chances of resuming the expected bearish trend for the upcoming period, which its targets extend to reach 1.2495.

Therefore, the negative scenario will remain valid and active unless we witnessed clear breach to 1.2720 and hold with a daily close above it.

The expected trading range for today is between 1.2620 support and 1.2750 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with clear negativity yesterday to break 109.75 level and settles below it, which puts the price under expected negative pressure on the intraday basis, targeting testing 109.20 level mainly.

Therefore, the bearish bias will be suggested for today unless the price managed to breach 110.00 and hold above it, being aware that we need to monitor the price behavior when reaching the targeted level, due to its importance to determine the next trend.

The expected trading range for today is between 109.00 support and 110.00 resistance

The expected trend for today: Bearish

The GBPUSD pair bounced downwards strongly after approaching our waited target at 1.3955, to reach the thresholds of the bullish channel’s support line that appears on the chart, accompanied by stochastic entering the oversold areas, waiting to motivate the price to rebound bullishly and resume the bullish wave again.

Therefore, the bullish trend will be suggested for the upcoming period unless breaking 1.3770 and holding below it, noting that our targets begin by surpassing 1.3890 to ease the mission of heading towards 1.3965.

The expected trading range for today is between 1.3750 support and 1.3900 resistance.

The expected trend for today: Overall Bullish