Gold price fluctuates around 1977.25 level, showing positive trades now to move above this level, while the technical indicators continue to provide the positive signals that support the chances of achieving more rise in the upcoming sessions.

Therefore, we will continue to suggest the bullish trend on the intraday and short-term basis, which targets 2016.90 as a next main station, noting that failing to hold above 1977.25 will push the price to turn to decline and head towards 1945.20 areas before any new attempt to rise.

The expected trading range for today is between 1965.00 support and 2000.00 resistance.

The expected trend for today: Bullish

The USDCAD pair finds difficulty to consolidate above 1.3680 level, to trade negatively and attack this support now, noticing that the price recorded lower highs that hint heading to decline in the upcoming sessions, to head towards visiting the bullish channel’s support line around 1.3520 mainly.

Therefore, we expect to witness negative trades on the intraday basis, and breaking 1.3660 will ease the mission of achieving the suggested target, while breaching 1.3680 represents positive factor that will lead the price to regain the main bullish trend again.

The expected trading range for today is between 1.3590 support and 1.3730 resistance.

The expected trend for today: Bearish

The USDJPY pair shows slight negative trades by today’s open to press on the EMA50, which hints potential turn to decline, but we notice that stochastic shows positive signals that might assist to push the price to resume the bullish wave.

The contradiction between the technical factors makes us prefer to stay aside until the price confirms its situation according to 149.55 level, noting that confirming breaking it will push the price to decline towards 148.70 followed by 147.30 levels as main negative targets, while consolidating above it will reactivate the positive scenario that targets 150.15 followed by 151.00 levels as next main stations.

The expected trading range for today is between 148.60 support and 150.40 resistance

The expected trend for today: Neutral

The GBPUSD pair breached 1.2205 level strongly to cancel the head and shoulders’ pattern and head towards recovering in the upcoming sessions, approaching 1.2297 level, which represents 23.6% Fibonacci correction level for the decline from 1.3142 to 1.2037, and we suggest breaching this level to achieve more gains that reach 1.2490 on the near-term basis.

Therefore, the bullish trend will be expected in the upcoming sessions, it might be preceded by some sideways fluctuation affected by stochastic negativity, taking into consideration that failing to breach 1.2297 will stop the positive scenario and push the price to decline again.

The expected trading range for today is between 1.2200 support and 1.2365 resistance.

The expected trend for today: Bullish