Gold price settles below 1797.00, and didn’t show any strong move yesterday, thus, the bearish trend scenario will remain valid as it is without any change, supported by the negative signals provided by stochastic and the EMA50, depending on the price stability below the mentioned level, reminding you that our waited target is located at 1770.00.

The expected trading range for today is between 1770.00 support and 1805.00 resistance.

The expected trend for today: Bearish

The USDCAD pair shows new negative trades to move below 1.2665 level, reinforcing the chances of continuing the expected decline on the intraday basis, waiting to visit 1.2600 level initially, which breaking it represents the key to rally towards 1.2495 as a next main target.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.2720 and hold above it.

The expected trading range for today is between 1.2570 support and 1.2700 resistance.

The expected trend for today: Bearish

The USDJPY pair achieved initial breach to the bearish channel’s resistance and settles above it now, which supports the continuation of our bullish overview efficiently for the upcoming period, supported by moving above the EMA50, waiting to head towards 111.00 that represents our next main target.

Holding above 109.75 represents the first condition to continue the expected rise, as breaking it will press on the price to test 109.20 areas before any new attempt to rise.

The expected trading range for today is between 109.50 support and 110.70 resistance

The expected trend for today: Bullish

The GBPUSD pair leaned on the EMA50 and bounced bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to visit 1.3955 as a next main target.

Note that the continuation of the expected bullish wave requires holding above 1.3810 and the most important above 1.3770.

The expected trading range for today is between 1.3780 support and 1.3950 resistance.

The expected trend for today: Bullish