Gold price broke the intraday bullish channel’s support line and settled below it, to complete forming bearish flag pattern that we expect to press on the price to turn downwards again, on its way to resume the main bearish track inside the main bearish channel that appears on the chart.

Therefore, the bearish trend will be expected for today supported by moving below the EMA50, and the targets begin at 1692.00 and extend to 1660.00 after surpassing the previous level, noting that breaching 1735.00 will stop the expected decline and lead the price to achieve strong gains that start at 1765.00.

The expected trading range for today is between 1695.00 support and 1735.00 resistance.

The expected trend for today: Bearish

The USDCAD pair rallied upwards clearly yesterday to succeed achieving our first waited target at 1.2525, showing some slight bullish bias affected by stochastic positivity, waiting to resume the main bearish wave that its next targets extend to 1.2415.

The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 1.2650.

The expected trading range for today is between 1.2460 support and 1.2600 resistance.

The expected trend for today: Bearish

The USDJPY pair managed to breach the bullish flag’s resistance that its signs appear on the chart and settles above it, to get positive motive that supports the chances of resuming the expected bullish trend for the upcoming period, which targets 109.85 followed by 110.30 levels as next main stations.

Note that breaching 109.22 will ease the mission of achieving the waited targets, while holding above 108.35 represents key condition to continue the expected rise.

The expected trading range for today is between 108.30 support and 109.30 resistance

The expected trend for today: Bullish

The GBPUSD pair succeeded to achieve our waited target at 1.4000 and found solid resistance there, to start providing bearish rebound signals and the beginning of potential bearish wave in the upcoming sessions, supported by stochastic negativity.

Therefore, we expect witnessing negative trades today, and the targets begin at 1.3905 and extend to 1.3800 after surpassing the previous level, noting that breaching 1.4015 will stop the expected decline and lead the price to achieve more gains on the short term and medium term basis.

The expected trading range for today is between 1.3880 support and 1.4050 resistance.

The expected trend for today: Bearish