Gold price keeps its stability above 1575.90 level, which keeps the bullish trend scenario valid and active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to visit 1611.20 level that represents our next main target.

We should note that breaking 1575.90 might press on the price to decline towards 1554.10 areas again before any new attempt to rise.

The expected trading range for today is between 1570.00 support and 1600.00 resistance.

The expected trend for today: Bullish

The USDCAD pair succeeded to achieve our first waited target at 1.3180 and breached it to settle above it now, which supports the continuation of the bullish trend scenario efficiently in the upcoming period, and the way is open to achieve our next target at 1.3233, noting that surpassing this level will push the price to visit the previously recorded high at 1.3320.

Therefore, the bullish bias will remain suggested for today, noting that holding above 1.3180 represents initial condition to continue the expected rise.

The expected trading range for today is between 1.3100 support and 1.3230 resistance.

The expected trend for today: Bullish

The USDJPY pair keeps its stability below 109.33 level, to keep the negative pressure valid for the upcoming period, which targets testing 108.40 level mainly.

We remind you that the chances valid to rebound bullishly after testing the mentioned level to resume the main bullish trend, noting that breaching 109.33 will stop the expected decline and leads the price to regain the main bullish track, while breaking 108.40 represents negative factor that will force the price to achieve more decline on the intraday and short term basis.

The expected trading range for today is between 108.40 support and 109.70 resistance

The expected trend for today: Bearish

The GBPUSD pair resumed its negative trades after the temporary rise that it witnessed yesterday, to move below the EMA50 again, which supports the continuation of the expected bearish trend scenario on the intraday basis, which targets 1.2920 level as a first correctional station.

Therefore, we are waiting for more decline in the upcoming sessions conditioned by the price stability below 1.3150.

The expected trading range for today is between 1.2970 support and 1.3130 resistance.

The expected trend for today: Bearish