Gold price bounced downwards clearly after completing forming rising wedge pattern that its signs appear on the chart, which confined the recent trades, to start attacking the key support 1825.15, which hints heading to achieve more expected decline in the upcoming sessions, on its way to visit 1797.00 areas initially.

Therefore, the bearish bias will be suggested for today, taking into consideration that the consolidation of 1825.15 level against the current negative pressure will lead the pirce to resume the bullish track again.

The expected trading range for today is between 1800.00 support and 1835.00 resistance.

The expected trend for today: Bearish

The USDCAD pair couldn’t manage to break the neckline of the double top pattern, to rebound upwards strongly and breach 1.2725 level and settles above it, which stops the recently suggested negative scenario and lead the price to turn to rise, on its way to achieve gains that start at 1.2795 and extend to 1.2950.

Moving above the EMA50 supports the expected rise, which will remain valid unless breaking 1.2725 and holding below it again.

The expected trading range for today is between 1.2680 support and 1.2810 resistance.

The expected trend for today: Bullish

The USDJPY pair rallied upwards strongly yesterday to succeed achieving our waited target at 116.35 and settled near it, and we suggest surpassing this level and open the way to continue the rise on the short term and medium term basis, to head towards 117.00 as a next station.

Therefore, the bullish trend will remain valid and active for the upcoming period conditioned by the price stability above 115.65.

The expected trading range for today is between 115.60 support and 116.70 resistance

The expected trend for today: Bullish

The GBPUSD pair achieve our first waited positive target at 1.3610 and bounced downwards strongly from there, to start pressing on 1.3525 level, which hints heading to return to the correctional bearish track after failing to surpass 1.3610 level in the second attempt.

Therefore, the bearish bias will be suggested in the upcoming sessions unless the price rallied to breach 1.3610 and hold above it, noting that our first negative target is located at 1.3460.

The expected trading range for today is between 1.3440 support and 1.3600 resistance.

The expected trend for today: Bearish