Gold price hovers around the intraday bullish channel’s resistance, affected by stochastic negativity that hinders the mission of continuing the rise, waiting to get positive motive that assist to push the price to achieve our main expected target at 2000.00.

Until now, the bullish trend scenario still valid and active for the upcoming period supported by the EMA50, reminding you that it is important to hold above 1960.00 to continue the expected rise.

The expected trading range for today is between 1950.00 support and 2000.00 resistance.

The expected trend for today: Bullish

The USDCAD pair bounced downwards strongly to break 1.2590 level and settles below it, which puts the price under expected additional negative pressure in the upcoming sessions, on its way to achieve decline that its next main target reaches 1.2480.

Therefore, the bearish bias will be suggested for today unless the price managed to breach 1.2590 and hold above it again.

The expected trading range for today is between 1.2490 support and 1.2610 resistance.

The expected trend for today: Bearish

The USDJPY pair bounced bearishly after attempting to surpass 126.00 level, to approach testing the key support 125.00, accompanied by stochastic getting rid of the negative momentum and gaining the positive momentum clearly, waiting to motivate the price to resume the main bullish trend, which its next target located at 126.55.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 125.00 and holding below it.

The expected trading range for today is between 124.90 support and 126.00 resistance

The expected trend for today: Bullish

The GBPUSD pair rallied upwards strongly yesterday after finding difficulty to break 1.3000 level, to head towards achieving new bullish correction, and the targets begin by surpassing 1.3145 to confirm opening the way to head towards 1.3235 as a next main target.

Therefore, we expect to witness more rise in the upcoming sessions, noting that failing to breach 1.3145 will press on the price to rebound bearishly and resume the main bearish trend again.

The expected trading range for today is between 1.3060 support and 1.3210 resistance.

The expected trend for today: Bullish