Gold price bounced bearishly after approaching our waited target at 2000.00, to head towards potential test to the key support 1960.00, which makes us suggest the bearish bias in the upcoming sessions, noting that the expected decline is temporary, waiting to resume the main bullish trend again.

On the other hand, we should note that the continuation of the decline and breaking 1960.00 will extend the bearish wave to reach 1940.00 as a next negative target, while breaching 2000.00 represents the key to rally to continue the main bullish track.

The expected trading range for today is between 1955.00 support and 1990.00 resistance.

The expected trend for today: Bearish temporarily

The USDCAD pair provided slight positive trades in the previous sessions and returns to fluctuate near 1.2590, which makes us continue with our neutrality until now, waiting to get clearer signal for the next trend, which we will get through breaking the mentioned support or breaching 1.2640 resistance.

Note that breaching the mentioned resistance will push the price to resume the bullish wave that targets 1.2725 as a next station, while breaking the support will put the price under negative pressure that its next target reaches 1.2480.

The expected trading range for today is between 1.2540 support and 1.2670 resistance.

The expected trend for today: Neutral

The USDJPY pair keeps rallying upwards to surpass our waited extended target at 127.00, opening the way to achieve more expected gains on the short term and medium term basis, noting that the next station is located at 128.00.

The EMA50 continues to support the price from below to reinforce the positive overview, which will remain valid unless breaking 126.00 and holding below it.

The expected trading range for today is between 126.70 support and 128.00 resistance

The expected trend for today: Bullish

The GBPUSD pair managed to touch 1.3000 level and attempts to break it, and continues to move inside the bearish channel that supports the chances of surpassing this level and open the way to rally towards our next negative target that reaches 1.2920.

Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, noting that breaching 1.3040 might push the price to test 1.3145 initially before any new attempt to decline.

The expected trading range for today is between 1.2900 support and 1.3070 resistance.

The expected trend for today: Bearish