Gold price bounced upwards clearly after testing the main bullish trend line that appears on the chart, accompanied by witnessing positive signals through stochastic now, waiting to motivate the price to achieve more rise in the upcoming sessions, to target 2450.00$ followed by 2483.40$ as next positive stations.

Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 2386.00$ will stop the bullish wave and push the price to achieve new decline and test 2324.55$ before any new attempt to rise.

The expected trading range for today is between 2390.00$ support and 2435.00$ resistance.

Trend forecast: Bullish

The USDCAD price managed to achieve our first waited positive target at 1.3900$ and bounced downwards strongly to break the bullish channel’s support line and settles below it, to start new bearish correction that targets testing 1.3765$ initially, noting that breaking this level will push the price towards 1.3650$ as a next negative station.

Therefore, the bearish bias will be suggested for today, noting that breaching 1.3865$ will stop the expected decline and lead the price to regain the main bullish trend again.

The expected trading range for today is between 1.3740$ support and 1.3870$ resistance.

Trend forecast: Bearish

The USDJPY price achieved additional strong declines yesterday to reach our new extended targe tat 142.00, noticing that the price bounced upwards strongly to test the key resistance 145.35, as it attempts to breach it now, to hint the attempt to recover and stop the negative pressure that dominated trades since recording the historical high at 161.94.

Until now, the negative scenario still valid as long as 145.35 remains intact, noting that the next target reaches the recently recorded low at 140.24, while breaching 145.35 will lead the price to achieve additional gains and visit 146.50 followed by 148.53 levels as main positive targets.

The expected trading range for today is between 144.00 support and 146.00 resistance

Trend forecast: Bearish

The GBPUSD price keeps its stability above the bullish channel’s support line, to keep the bullish trend scenario valid for the upcoming period, and the price needs to surpass 1.2830$ level to get rid of the negative pressures and ease the mission of heading towards our positive targets that start at 1.2880$ and extend to 1.3044$ as next main stations.

Holding above 1.2770$ is important to achieve the suggested targets, as breaking it will push the price out of the bullish channel to start bearish correction on the intraday and short-term basis.

The expected trading range for today is between 1.2720$ support and 1.2870$ resistance.

Trend forecast: Bullish