Gold price succeeded to touch our first waited target at 2668.00$, starting today with new bullish bias in attempt to surpass this level, to support the expectations of continuing the rise on the intraday and short-term basis, reminding you that our next target is located at the recently recorded high at 2685.50$.

The positive support provided by the EMA50 reinforces the expectations of continuing the rise, noting that breaking 2660.00$ might put the price under intraday negative pressure to head towards testing the key support 2635.06$ before any new positive attempt.

The expected trading range for today is between 2655.00$ support and 2690.00$ resistance.

Trend forecast: Bullish

The USDCAD price bounced downwards clearly after approaching our first extended target at 1.3850$, to test the key support 1.3765$, noticing that stochastic got rid of its negative momentum to enter the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its targets extend to reach 1.3946$ areas on the near-term basis.

The EMA50 supports the expected rise, which will remain valid unless breaking 1.3765$ and holding below it.

The expected trading range for today is between 1.3710$ support and 1.3850$ resistance.

Trend forecast: Bullish

The USDJPY price shows some bearish bias to approach the key support 148.53, and the EMA50 meets this level to add more strength to it, to keep the bullish trend active for the upcoming period, waiting to visit 151.09 as a next main target.

Holding above 148.53 is important to the continuation of the rise, as breaking it will push the price to turn to decline and achieve negative targets that start by visiting 147.30 areas.

The expected trading range for today is between 148.30 support and 150.00 resistance

Trend forecast: Bullish

The GBPUSD price retested the broken support of the bullish channel and kept its stability below it, noticing that the EMA50 meets the resistance line formed there to add more strength to it, waiting to resume the correctional bearish trend, which its targets begin at 1.3000$ and extend to 1.2866$ after breaking the previous level.

On the other hand, we should note that breaching 1.3110$ will stop the expected decline and push the price to return to the main bullish track again.

The expected trading range for today is between 1.2980$ support and 1.3150$ resistance.

Trend forecast: Bearish