Gold price ended yesterday with clear positivity after confirming breaching 1692.00, and we believe that the way is open to continue the rise to visit the bearish channel’s resistance at 1727.00, making the bullish bias suggested in the upcoming sessions, being aware that it is important to monitor the price behavior when reaching the mentioned level due to its importance to detect the next destination.

Note that breaching 1727.00 will push the price to turn to rise and achieve additional gains that reach 1765.00, while holding against the current rise will lead the price to resume the main bearish trend that its targets begin at 1692.00 and extend to 1665.00.

The expected trading range for today is between 1700.00 support and 1730.00 resistance.

The expected trend for today: Bullish temporarily

The USDCAD pair retested the beached resistance of the minor bearish channel and bounced bullishly from there, accompanied by witnessing clear positive signals through stochastic, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its next target located at 1.2700.

Therefore, we will keep our bullish overview that gets continuous positive support by the EMA50 conditioned by the price stability above 1.2525.

The expected trading range for today is between 1.2540 support and 1.2660 resistance.

The expected trend for today: Bullish

The USDJPY pair’s recent trades are confined within bullish pennant pattern that appears on the minor image, thus, the price needs to breach 110.80 to activate the positive effect of this pattern followed by rallying to continue the recently suggested bullish trend, which its next target located at 111.70.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that it is important to hold above 110.15 to continue the expected rise.

The expected trading range for today is between 110.10 support and 111.40 resistance

The expected trend for today: Bullish

The GBPUSD pair provided positive trades to surpass the correctional bearish channel’s resistance, noticing that stochastic shows clear negative signals now, while the EMA50 forms continuous negative pressure against the price.

Therefore, these factors encourage us to keep our bearish overview, which targets 1.3675 followed by 1.3580 levels as next main stations, taking into consideration that holding below 1.3840 is important to continue the expected decline.

The expected trading range for today is between 1.3700 support and 1.3840 resistance.

The expected trend for today: Bearish