Gold price find it difficult to surpass 1929.00 level, showing slight bearish bias, affected by stochastic negativity that begins to get rid of the negative momentum, waiting for getting a positive motive that assists to push the price to surpass the mentioned level then rally towards 1945.20 as a next positive target.

Until now, we still prefer witnessing positive trading unless breaking 1913.15 level and holding below it, where breaking this level represents a negative factor that will push the price to suffer new losses that reach 1875.00 levels on the near term basis.

The expected trading range for today is between 1910.00 support and 1940.00 resistance.

The expected trend for today: Bullish

The USDCAD pair faced a temporary negative pressure in the last sessions, but it leaned on the breached resistance of the intraday bearish channel that appears in the chart and bounces higher again, to approach from 1.3500 level, waiting for breaching this level to confirm the continuation of the expected bullish wave on the intraday basis, targeting 1.3585 level as a next station.

Therefore, we will keep preferring the bullish trend in the upcoming period unless breaking 1.3425 level and holding below it.

The expected trading range for today is between 1.3420 support and 1.3550 resistance.

The expected trend for today: Bullish

The USDJPY pair shows more bullish bias to attempt to confirm the return to the bullish channel, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, reminding you that our next target is located at 149.00.

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid conditioned by the price stability above 147.65.

The expected trading range for today is between 147.65 support and 149.30 resistance

The expected trend for today: Bullish

The GBPUSD pair shows more bearish bias to gradually approach our new waited target at 1.2200, and we suggest the continuation of the negative trades to achieve additional targets that reach 1.2135 areas.

The EMA50 keeps supporting the suggested bearish wave, which moves organized inside the bearish channel that appears on the chart, taking into consideration that breaching 1.2310 will stop the bearish trend and push the price to achieve some intraday bullish correction.

The expected trading range for today is between 1.2150 support and 1.2300 resistance.

The expected trend for today: Bearish