Gold price shows some slight bearish bias to approach the key support 1302.60, this level is met by the EMA50 to add more strength to it, while stochastic gets rid of its negative momentum to reach the oversold areas.

Therefore, these factors encourage us to keep our bullish overview for the upcoming period, as the price is organized inside an intraday bullish channel that appears on the chart, reminding you that our main targets begin at 1320.00 and extend to 1346.73, while holding above 1302.60 represents key condition to continue the expected rise.

The expected trading range for today is between 1295.00 support and 1320.00 resistance.

The expected trend for today: Bullish

The USDCAD pair traded with clear negativity yesterday to succeed touching our first waited target at 1.3260 and bounced upwards to settle near the EMA50, noticing that stochastic reaches the overbought areas now, which supports the chances of resuming the expected bullish trend on the intraday and short term basis, which its next main target located at 1.3128.

Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless the price rallied to breach 1.3382 level and hold above it.

The expected trading range for today is between 1.3240 support and 1.3400 resistance.

The expected trend for today: Bearish

The USDJPY pair opened today’s trading with clear rise to test the key resistance 111.67, noticing that stochastic reaches the overbought areas now, waiting to motivate the price to rebound bearishly to resume the expected bearish trend for the upcoming period, which depends on the price stability below the mentioned level.

The waited negative targets begin at 110.76 followed by 110.35, while breaching 111.67 represents the key to resume the main bullish trend to head towards areas that extend to 113.00 on the near term basis.

The expected trading range for today is between 110.76 support and 112.07 resistance

The expected trend for today: Bearish

The GBPUSD pair returns to fluctuate near 1.3226 level and keeps its stability above it until now, accompanied by stochastic reach to the oversold areas, while the EMA50 meets the mentioned support to add more strength to it.

Therefore, we believe that the chances are valid to resume the expected bullish trend for the upcoming period, which its next main target located at 1.3490, while holding above 1.3226 represents key condition to continue the expected rise.

The expected trading range for today is between 1.3200 support and 1.3350 resistance.

The expected trend for today: Bullish