Gold price shows more bullish bias, and attempts to breach 1929.00 level now, to support the chances of continuing the positive trades and head to achieve gains that reach 1945.20 initially.

Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, it might be preceded by some temporary sideways fluctuation affected by stochastic negativity.

On the other hand, we should note that failing to breach 1929.00 will push the price to decline and visit 1913.15 areas again.

The expected trading range for today is between 1920.00 support and 1945.20 resistance.

The expected trend for today: Bullish

The USDCAD pair breached the intraday bearish channel’s resistance that appears on the chart and settled above it, to head towards building expected bullish wave on the intraday basis, waiting to achieve targets that start at 1.3585 and extend to 1.3680.

Therefore, the bullish bias will be expected for today, taking into consideration that breaking 1.3500 will push the price to resume the negative trades and head towards 1.3455 initially.

The expected trading range for today is between 1.3480 support and 1.3590 resistance.

The expected trend for today: Bullish

The USDJPY pair fluctuates around 147.86 level and attempts to breach it, which supports the continuation of the expected bullish trend on the intraday and short-term basis, reminding you that our next target is located at 149.00.

Stochastic current negativity hinders the mission to rise, waiting to gather enough positive momentum to push the price to resume the bullish trend in the upcoming sessions, which moves inside the bullish channel that appears on the chart, noting that breaking 147.15 will stop the positive scenario and push the price to achieve some bearish correction before turning back to rise again.

The expected trading range for today is between 147.00 support and 148.70 resistance

The expected trend for today: Bullish

The GBPUSD pair resumed its negative trading to settle below 1.2400 barrier, reinforcing the expectations of continuing the main bearish trend, and the way is open to achieve our main waited target at 1.2310.

The bearish channel continues to organize the suggested bearish wave, which get continuous support by the EMA50, noting that breaching 1.2435 might push the price to test the key resistance 1.2505 before any new negative attempt.

The expected trading range for today is between 1.2300 support and 1.2450 resistance.

The expected trend for today: Bearish