Gold price settles around 1280.00 level, and we still waiting for more rise as long as the price is above 1270.00, as the EMA50 continues to support the price from below, while stochastic begins to lose its negative momentum.

Our next target is located at 1286.70, and breaching it will push the price towards 1316.65 areas, while breaking 1262.50 will stop the expected rise and push the price to turn to decline.

Expected trading range for today is between 1265.00 support and 1300.00 resistance.

Expected trend for today: Bullish

The USDCAD pair keeps its stability below the bullish channel’s resistance, to keep the bearish trend scenario active for the upcoming period, which targets visiting 1.3455 mainly.

Breaking 1.3610 will ease the mission of achieving the mentioned target, while breaching 1.3655 will stop the expected decline and lead the price to continue the general rise.

Expected trading range for today is between 1.3550 support and 1.3670 resistance.

Expected trend for today: Bearish

The USDJPY pair closed last Friday’s trading below 110.38, which supports our expectations of extending the bearish wave on the short term basis, as our next targets located at 109.75 followed by 109.35.

Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 111.40 level and holing above it.

Expected trading range for today is between 109.75 support and 111.00 resistance

Expected trend for today: Bearish

The GBPUSD pair did not show any strong move in the previous sessions, to remain stuck between 1.2636 support and 1.2725 resistance that represent the next trend keys, thus, we will continue with our neutrality until confirming breaching one of them, noting that the details of the expected targets after the breach are explained in our last report.

Expected trading range for today is between 1.2600 support and 1.2750 resistance.

Expected trend for today: Depends on the above mentioned levels