Gold price fluctuates at the EMA50 and attempts to breach it, noticing that stochastic loses its positive momentum to reach the overbought areas, waiting to motivate the price to decline again and press on 1797.00 level and attempt to break it to open the way to head towards 1770.00 as a next negative target.

Therefore, we will keep our bearish overview unless the price rallied to breach 1825.15 and hold above it.

The expected trading range for today is between 1775.00 support and 1820.00 resistance.

The expected trend for today: Bearish

The USDCAD pair provided positive trades yesterday and attempted to mov away from the bullish channel’s support line, but it faces negative pressure formed by the EMA50 and stochastic, which makes us prefer continuing neutral due to the contradiction between the technical factors.

The price needs to breach 1.2620 resistance or break 1.2500 support to detect its next destination clearly, noting that breaching this resistance will lead the price to continue the rise within the bullish channel that appears on the chart to head towards 1.2805 initially, while breaking the support represents the key to extend the correctional bearish wave to reach 1.2410 as a next negative target.

The expected trading range for today is between 1.2500 support and 1.2660 resistance.

The expected trend for today: Neutral

The USDJPY pair faced additional negative pressure to break 110.00 and settles below it, which leads the price to achieve more expected decline in the upcoming sessions, organized inside the bearish channel that appears on the chart, waiting to test 109.22 level initially.

The EMA50 supports the expected decline, noting that breaking the targeted level will extend the bearish wave to target 108.60 as a next station, while the expected decline will remain valid unless the price rallied to breach 110.40 and hold above it.

The expected trading range for today is between 109.20 support and 110.30 resistance

The expected trend for today: Bearish

The GBPUSD pair breached the bearish channel’s resistance strongly and settled above it, which supports the continuation of our bullish overview efficiently for the upcoming sessions, as it approaches our next waited target at 1.3910, expecting to surpass this level and visit 1.4000 barrier as a next main station.

Therefore, the bullish trend will remain suggested for the upcoming period conditioned by the price stability above 1.3805.

The expected trading range for today is between 1.3820 support and 1.3970 resistance.

The expected trend for today: Bullish