Gold price retests the previously broken support line that appears on the chart and keeps its stability below it, accompanied by witnessing negative signal through stochastic, waiting to motivate the price to resume the bearish bias in the upcoming sessions, noting that our next target is located at 1480.00, which breaking it represents the key to extend the bearish wave to reach 1450.00.

Note that breaching 1498.00 will stop the expected decline and push the price to resume the main bullish trend again.

The expected trading range for today is between 1477.00 support and 1500.00 resistance.

The expected trend for today: Bearish

The USDCAD pair provided clear positive trades yesterday to test the key resistance 1.3200, noticing that the price rebounds bearishly from there, to keep the bearish trend scenario valid and active until now, supported by stochastic and the EMA50 negativity, waiting to break 1.3160 level to open the way to visit 1.3105 level mainly.

Note that breaching 1.3200 will push the price to test 1.3285 level initially before any new attempt to decline.

The expected trading range for today is between 1.3240 support and 1.3100 resistance.

The expected trend for today: Bearish

The USDJPY pair resumes its positive trading strongly by today’s opening to reach the thresholds of the first waited target at 108.30, reinforcing the expectations of achieving more gains in the upcoming sessions, supported by the EMA50, reminding you that breaching the mentioned level will extend the bullish wave to reach 109.30.

Therefore, the positive scenario will remain suggested unless breaking 106.70 level and holding below it.

The expected trading range for today is between 107.70 support and 109.00 resistance

The expected trend for today: Bullish

The GBPUSD pair tests the key support 1.2326, and as we mentioned in our recent reports, this level represents one of the trend keys besides 1.2400 resistance, and as long as the price is between these levels, our neutrality will remain valid, waiting to get clearer signal for the next trend.

We remind you that breaking the mentioned support will press on the price to return to the main bearish trend again, targeting 1.2134 followed by 1.2015 areas mainly, while breaching the resistance will extend the pair’s gains to reach 1.2520 on the near term basis.

The expected trading range for today is between 1.2250 support and 1.2410 resistance.

The expected trend for today: Depends on the above mentioned levels