Gold price resumed its positive trades to succeed achieving our first waited target at 1900.00 and settles there, and we suggest the continuation of the bullish bias to head towards our next positive station at 1928.60.

The EMA50 continues to support the suggested bullish wave, noting that breaking 1882.00 might press on the price to decline on the intraday basis and test 1855.00 areas before any new attempt to rise.

The expected trading range for today is between 1885.00 support and 1925.00 resistance.

The expected trend for today: Bullish

The USDCAD pair managed to touch our waited target at 1.3350 and finds solid support there, to show some bullish bias affected by stochastic positivity, while the EMA50 forms negative pressure against the price to support the chances of continuing the main bearish trend and surpass the mentioned level to head towards 1.3205 as a next negative station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.3425 will push the price to achieve additional gains and test 1.3500 before any new attempt to decline.

The expected trading range for today is between 1.3300 support and 1.3450 resistance.

The expected trend for today: Bearish

The USDJPY pair declined sharply yesterday to surpass our waited targets and reach the critical support line to the short term and medium term trades at 128.90, trading within main bearish channel that supports the chances of breaking this level to open the way to continue the decline and achieve additional negative targets that reach 126.95.

Therefore, the bearish trend scenario will remain dominant in the upcoming sessions, taking into consideration that failing to break 128.90 will lead the price to start recovery attempts and head towards 130.80 initially.

The expected trading range for today is between 128.00 support and 129.90 resistance

The expected trend for today: Bearish

The GBPUSD pair succeeded to achieve our first waited target at 1.2230 and settles near it, waiting to get positive motive that assists to push the price to continue the rise and head towards our next positive station that reaches 1.2440.

Therefore, the bullish trend scenario will remain active, noting that breaking 1.2120 will stop the expected rise and press on the price to test 1.1940 areas before any new attempt to rise.

The expected trading range for today is between 1.2100 support and 1.2290 resistance.

The expected trend for today: Bullish