Gold prices settles around 1945.20 level, noticing that the price closed the last daily candlestick below it, reinforcing the chances of achieving more bearish correction on the intraday and short term basis, waiting to visit 1913.15 as a next main target.

The bearish channel organizes the correctional bearish wave, which gets continuous support by the EMA50, noting that the consolidation of the current support areas against the negative pressure will push the price to rebound bullishly and achieve intraday gains that start by testing 1977.25.

The expected trading range for today is between 1925.00 support and 1960.00 resistance.

The expected trend for today: Bearish

The USDCAD pair shows more bullish bias to approach our main waited target at 1.3680, and the way seems open to surpass this level and achieve additional gains that extend to 1.3795, as the price completed forming double bottom pattern appears on the chart, to motivate the price to continue rising in the upcoming sessions.

The EMA50 supports the suggested bullish wave, noting that failing to breach 1.3680 will push the price to rebound bearishly and head to test 1.3565 and might extend to 1.3500 areas before any new attempt to rise.

The expected trading range for today is between 1.3580 support and 1.3720 resistance.

The expected trend for today: Bullish

The USDJPY pair rallied upwards yesterday to succeed achieving our main waited target at 140.00, facing solid resistance there to show some temporary bearish bias, affected by stochastic negativity, and it might decline to test 139.30 areas before turning back to rise again.

In general, we suggest the continuation of the overall bullish trend in the upcoming period, reminding you that our next target is located at 141.00, while breaking 139.30 represents negative factor that will push the price to start correctional bearish wave on the intraday basis.

The expected trading range for today is between 139.00 support and 140.80 resistance

The expected trend for today: Bullish

The GBPUSD pair managed to break 1.2345 level and close the daily candlestick below it, which supports the continuation of the correctional bearish trend on the intraday and short term basis, opening the way to head towards 1.2240 as a next main target.

Therefore, we are waiting for more expected decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, being aware that breaching 1.2345 will push the price to attempt to recover and head to test 1.2435 followed by 1.2470 areas before any new negative attempt.

The expected trading range for today is between 1.2240 support and 1.2390 resistance.

The expected trend for today: Bearish