Gold price ended yesterday below 1962.35 level, to confirm the return to the correctional bearish track after retesting the previously broken neckline of the double top pattern that its signs appear on the chart, to head towards visiting 1933.30 as a next main target.

Therefore, we expect to witness negative trades in the upcoming sessions, noting that breaching 1962.35 will push the price to attempt to recover again and head to achieve gains that start by testing 1975.00 and extend to 2000.00 after surpassing the previous level.

The expected trading range for today is between 1940.00 support and 1975.00 resistance.

The expected trend for today: Bearish

The USDCAD pair couldn’t manage to hold for long time below 1.3680, to trade positively and consolidate above this level, noticing that the price begins today positively to hint heading to build bullish wave on the intraday basis, targeting visiting 1.3755 followed by 1.3845 levels as next main stations.

Therefore, we expected to witness more bullish bias in the upcoming sessions unless breaking 1.3680 and holding with a daily close below it.

The expected trading range for today is between 1.3650 support and 1.3780 resistance.

The expected trend for today: Bullish

The USDJPY pair traded positively yesterday to breach 150.95 and settles above it, to stop the negative pressure that dominated the recent trades and head towards achieving expected gains on the intraday and short-term basis, and the price needs to surpass 151.70 to confirm opening the way to visit 152.50 as a next main target.

Holding above 150.95 is important to continue the expected rise, as breaking it represents negative factor that will push the price to achieve some bearish correction before turning back to rise again.

The expected trading range for today is between 150.60 support and 152.00 resistance

The expected trend for today: Bullish

The GBPUSD pair faced additional negative pressure yesterday to break 1.2430 level and settles below it, starting today with more decline to confirm stopping the bullish correction and head towards resuming the main bearish wave again, noting that the next negative station is located at 1.2297.

Therefore, the bearish bias will be expected for today unless breaching 1.2460 and holding above it again, as breaching this level represents positive factor that will lead the price to return to the correctional bullish track and achieve new gains that reach 1.2590.

The expected trading range for today is between 1.2300 support and 1.2450 resistance.

The expected trend for today: Bearish