Gold price faced temporary negative pressure yesterday to attack 1825.00 level, but it bounced bullishly to settle around 1838.00 level again, to keep the bullish trend scenario valid and active on the intraday and short term basis, which targets 1855.00 followed by 1865.00 levels as next stations.

The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 1825.00.

The expected trading range for today is between 1820.00 support and 1855.00 resistance.

The expected trend for today: Bullish

The USDCAD pair fluctuates within sideways track since yesterday, settling around 1.2100 barrier, and it keeps moving inside the bearish channel that appears on the chart, while the EMA50 provides continuous negative support.

Therefore, the bearish trend scenario will remain valid for the upcoming period unless breaching 1.2170 level and holding above it, noting that our next target is located at 1.2000.

The expected trading range for today is between 1.2030 support and 1.2150 resistance.

The expected trend for today: Bearish

The USDJPY pair traded negatively yesterday to touch 108.35 level, showing some slight bullish bias now, noticing that the EMA50 continues to press negatively on the price, to remain stable inside the bearish channel that appears on the chart.

Therefore, our bearish overview will remain valid and active for today unless the price rallied to breach 109.22 level and holding above it, reminding you that our main waited target is located at 107.70.

The expected trading range for today is between 107.90 support and 109.00 resistance

The expected trend for today: Bearish

The GBPUSD pair did not show any strong move yesterday, to remain stable above the main bullish channel’s support line, supported by the EMA50, waiting to head towards 1.4238 that represents our next main target.

Note that breaking 1.4100 will stop the expected rise and press on the price to start correctional bearish wave on the intraday basis.

The expected trading range for today is between 1.4060 support and 1.4220 resistance.

The expected trend for today: Bullish