Gold price ended yesterday below 1960.00 level, to fall under more expected negative pressure in the upcoming sessions, on its way to visit 1925.35 mainly.

Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, taking into consinderation that breaching 1960.00 and holding above it will reactivate the bullish trend scenario that its next target located at 2000.00.

The expected trading range for today is between 1925.00 support and 1965.00 resistance.

The expected trend for today: Bearish

The USDCAD pair still confined between the trend keys represented by 1.2590 support and 1.2640 resistance, which makes us continue with our neutrality until the price confirms surpassing one of these levels followed by detecting the next destination clearly, noting that the contradiction between the EMA50 positivity and stochastic negativity provides another reason for neutrality.

To review the expected targets after the breach, please check our previous report.

The expected trading range for today is between 1.2550 support and 1.2670 resistance.

The expected trend for today: Neutral

The USDJPY pair shows new bullish rallies to surpass 128.00 level and reach 129.00 barrier, reinforcing the chances of achieving more gains on the short term and medium term basis, waiting to test the psychological barrier at 130.00 as a next positive station.

The bullish channel supports the chances of continuing the rise in the upcoming period, noting that holding above 128.60 represents key condition to continue the suggested positive scenario.

The expected trading range for today is between 128.70 support and 130.00 resistance

The expected trend for today: Bullish

The GBPUSD pair closed the daily candlestick below 1.3000 level, to get negative factor that supports the expectations of continuing the bearish trend, paving the way to head towards 1.2920 that represents our next main target.

Holding below 1.3040 is important to continue the suggested decline, as breaching it might push the price to test 1.3145 areas before any new attempt to decline.

The expected trading range for today is between 1.2920 support and 1.3050 resistance.

The expected trend for today: Bearish