Gold price eneded yesterday with strong negativity and settled below 1785.00 level, which put the price under more expected negative pressure on the intraday basis, targeting testing 1765.00 level in the upcoming sessions, noting that the expected decline is temporary, waiting to rebound bullishly to resume the main bullish trend again.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1785.00 will stop the suggested negative scenario and push the price to rise again, while breaking 1765.00 represents negative factor that will press on the price to suffer more losses on the intraday and short term basis.

The expected trading range for today is between 1760.00 support and 1795.00 resistance.

The expected trend for today: Bearish temporarily

The USDCAD pair provided positive trades yesterday to approach testing the key resistance 1.2365, noticing that the EMA50 formed good resistance to force the price to rebound bearishly again, which keep the bearish trend scenario active for the upcoming period, supported by stochastic negativity.

Our next main target is located at 1.2210, reminding you that it is important to hold below 1.2365 to continue the expected decline.

The expected trading range for today is between 1.2230 support and 1.2365 resistance.

The expected trend for today: Bearish

The USDJPY pair leaned on the intraday bullish channel’s support line and bounced bullishly to resume the bullish trend that targets visiting 110.00 level as a first station, to keep our bullish overview that gets continuous positive support by the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 109.22 and the most important above 108.85, as breaking it will press on the price to turn to decline and head towards 107.70 areas on the near term basis.

The expected trading range for today is between 108.80 support and 110.00 resistance

The expected trend for today: Bullish

The GBPUSD pair bounced bullishly after approaching 1.3820 level yesterday, to fluctuate around the EMA50, noticing that stochastic provides positive signals now, to motivate the price to provide more bullish bias in the upcoming sessions, reminding you that our next target is located at 1.3975.

Therefore, we will keep our bullish overview unless breaking 1.3820 and holding below it.

The expected trading range for today is between 1.3820 support and 1.3980 resistance.

The expected trend for today: Bullish