Gold price fluctuates with calm negativity to approach gradually from 1770.00 level, supported by the negative pressure formed by the EMA50, waiting for more decline to surpass the mentioned level and open the way to extend the bearish wave towards 1734.00.

Therefore, the bearish trend scenario will remain valid and active for the upcoming period, reminding you that it is important to hold below 1797.00 to achieve the suggested targets.

The expected trading range for today is between 1755.00 support and 1790.00 resistance.

The expected trend for today: Bearish

The USDCAD pair traded with clear negativity yesterday and begins today with more decline to test the key support 1.2725, which urges caution from the upcoming trading, as breaking this support will stop the positive scenario and press on the price to turn to decline.

Therefore, we prefer to stay aside now until the price confirms its situation according to the mentioned level, noting that breaking it will push the price to visit 1.2590 as a first negative target, while consolidating above it will lead the price to resume the bullish track that its next main target located at 1.2950.

The expected trading range for today is between 1.2660 support and 1.2800 resistance.

The expected trend for today: Neutral

The USDJPY pair ended yesterday with clear positivity to breach 113.07 and settles above it, which hints the price attempt to stop the correctional bearish wave and regain the main bullish trend, and it needs to breach 114.00 to confirm the continuation of the rise in the upcoming period.

Now, we prefer to stay aside until the price confirms surpassing one of the above mentioned levels to detect the next destination clearly, noting that breaching 114.00 resistance will push the price to achieve additional gains that start at 114.70 and extend to 115.50, while breaking 113.07 support will press on the price to decline again and visit 112.30 as a next correctional target.

The expected trading range for today is between 112.90 support and 114.20 resistance

The expected trend for today: Neutral

The GBPUSD pair opens today’s trading positively to test the resistance line that appears on the chart, but it’s still within the main bearish channel, falling under the negative pressure that the EMA50 keeps forming, while stochastic loses its positive momentum gradually.

Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next main target located at 1.3160, while achieving it requires holding below 1.3355.

The expected trading range for today is between 1.3190 support and 1.3355 resistance.

The expected trend for today: Bearish