Gold price continues to rise calmly to approach 1735.00, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the negative scenario active, as breaching it will push the price to achieve more rise that targets 1752.00 followed by 1765.00 levels before turning back to decline again.

Until now, the bearish trend scenario still valid unless breaching 1735.00 and holding above it, reminding you that our first main target is located at 1692.00.

The expected trading range for today is between 1700.00 support and 1745.00 resistance.

The expected trend for today: Bearish

The USDCAD pair hovers around 1.2468 since yesterday, and the EMA50 continues to press negative on the price, waiting to break this level to open the way to extend the bearish wave on the intraday and short-term basis, reminding you that our next station is located at 1.2415.

Note that breaching 1.2520 might push the price to test 1.2625 areas before any new attempt to decline.

The expected trading range for today is between 1.2400 support and 1.2530 resistance.

The expected trend for today: Bearish

The USDJPY pair continues to fluctuate at 109.22 level without managing to breach it until now, noticing that stochastic gets rid of the negative momentum gradually, waiting to get positive motive that assists to push the price to breach the mentioned level and confirm heading towards 109.85 followed by 110.30 as next positive targets.

Therefore, the bullish trend will remain valid and active for the upcoming period conditioned by the price stability above 108.35.

The expected trading range for today is between 108.60 support and 109.85 resistance

The expected trend for today: Bullish

The GBPUSD pair managed to break 1.3905 to confirm opening the way to continue the bearish trend, waiting to visit 1.3800 as a next target, noting that breaking this level will push the price to the main bullish channel’s support line at 1.3730 direct.

Therefore, we expect witnessing more decline in the upcoming sessions, noting that breaching 1.3950 will push the price to test the most important resistance at 1.4035 before any new attempt to decline.

The expected trading range for today is between 1.3770 support and 1.3950 resistance.

The expected trend for today: Bearish