Gold price returns to trade around the resistance line that appears on the chart, moving above the EMA50 to get positive support that reinforces the expectations of continuing the expected bullish trend for the upcoming period, which targets visiting 1765.00 as a first positive station.

Therefore, the positive scenario will remain active for today, noting that breaching the targeted level will extend the bullish wave to reach 1810.00, while breaking 1721.00 represents negative factor that will press on the price for temporary decline towards 1691.90 areas before any new attempt to rise.

The expected trading range for today is between 1710.00 support and 1760.00 resistance.

The expected trend for today: Bullish

The USDCAD pair made new test to 1.3612 level, noticing that this level shows strength against the price’s positive attempts, to start negatively today and attempts to move away from the mentioned level, which keeps the bearish trend scenario active for the upcoming period, supported by stochastic loss to the positive momentum.

Our main waited target reaches 1.3362, while breaching 1.3612 represents the key to turn to rise on the intraday basis to rally towards 1.3813 before any new negative attempt.

The expected trading range for today is between 1.3470 support and 1.3612 resistance.

The expected trend for today: Bearish

The USDJPY pair resumed its negative trades clearly to approach our waited target at 106.44, falling under continuous negative pressure coming by the EMA50, to support the chances of breaking the mentioned level and open the way to extend the bearish wave on the short term basis, noting that the next target reaches 105.20.

Therefore, we suggest the domination on the bearish trend in the upcoming sessions unless the price rallied to breach 107.68 and hold above it.

The expected trading range for today is between 106.00 support and 107.50 resistance

The expected trend for today: Bearish

The GBPUSD pair tested 1.2515 level and keeps its stability above it, noticing that stochastic provides clear positive signals on the four hours’ time frame, to motivate the price to provide expected positive trades in the upcoming sessions, waiting to visit 1.2777 as a next main station.

Therefore, we will continue to suggest the bullish trend for today unless we witnessed clear break and hold with a daily close below 1.2515.

The expected trading range for today is between 1.2470 support and 1.2660 resistance.

The expected trend for today: Bullish