Gold price found difficulty to surpass 1871.55, to shows some bearish bias and it might head to test the key support 1850.80 in the upcoming sessions, noticing that there’s a contradiction between the technical indicators, which makes us prefer staying aside until we get clearer signal for the next trend, which we will get through breaching one of the mentioned levels.

Note that breaching 1871.55 resistance will push the price for more bullish correction that its next targets extend to 1888.30 followed by 1905.05, while breaking 1850.80 support represents the key to resume the bearish trend that targets 1838.00 followed by 1800.00 levels as next main stations.

The expected trading range for today is between 1850.00 support and 1885.00 resistance.

The expected trend for today: Neutral

The USDCAD pair shows positive trades to approach testing the key resistance 1.2688, noticing that stochastic loses its positive momentum to show clear overbought signals, waiting to motivate the price to resume the main bearish trend, which its next target located at 1.2475.

The bearish channels continue to organize the suggested bearish wave, which will remain valid unless breaching 1.2688 and holding above it.

The expected trading range for today is between 1.2580 support and 1.2720 resistance.

The expected trend for today: Bearish

The USDJPY pair tested the first key resistance 103.65 and keeps its stability below it until now, accompanied by stochastic loss to the positive momentum clearly, while the EMA50 forms negative pressure against the price.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 103.65 and 103.95 levels, reminding you that our next target is located at 102.50.

The expected trading range for today is between 102.70 support and 104.10 resistance

The expected trend for today: Bearish

The GBPUSD pair confirmed breaching 1.3700 level and attempts to build support base above it, which supports the continuation of our bullish overview in the upcoming period, waiting to visit 1.3815 that represents our next positive target.

The EMA50 continues to support the suggested bullish wave, which will remain valid and active unless breaking 1.3700 followed by 1.3645 levels and holding below them.

The expected trading range for today is between 1.3645 support and 1.3815 resistance.

The expected trend for today: Bullish