Gold price kept its consolidation above 1797.00 level after attempting to break it yesterday, to keep the bullish trend scenario valid and active for the upcoming period, waiting to head towards 1825.15 as a main positive target.

The EMA50 continues to support the expected bullish wave, reminding you that breaking 1797.00 will put the price under negative pressure that targets testing 1770.00 before any new attempt to rise.

The expected trading range for today is between 1785.00 support and 1825.00 resistance.

The expected trend for today: Bullish

The USDCAD pair found solid resistance barrier formed by the EMA50 against the positive attempts, to rebound bearishly and attack the bullish channel’s support line, which hints the price attempt to achieve some bearish correction, but we notice that stochastic shows positive signals that might push the price to resume the positive attempts again.

Therefore, this contradiction between the technical factors makes us prefer to stay aside until the price confirms its situation according to 1.2795 level, noting that consolidating above it will reactivate the bullish trend scenario that its first target located at 1.2950, while holding below it will press on the price to decline towards 1.2710 followed by 1.2630 levels as main negative stations.

The expected trading range for today is between 1.2725 support and 1.2860 resistance.

The expected trend for today: Neutral

The USDJPY pair shows calm positive trades to attempt to surpass 115.00 barrier, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our waited target at 115.50.

The EMA50 continues to support the bullish wave, noting that breaching the targeted level will extend the bullish wave to reach 116.50 as a next main station, while holding above 114.00 represents key condition to achieve the suggested targets.

The expected trading range for today is between 114.50 support and 115.80 resistance

The expected trend for today: Bullish

The GBPUSD pair managed to achieve our first waited target at 1.3485 and attempts to breach it now, reinforcing the chances of continuing the bullish correction, which its next target located at 1.3565.

Therefore, we expect to witness more rise in the upcoming sessions, noting that the continuation of the bullish wave requires holding above 1.3410.

The expected trading range for today is between 1.3400 support and 1.3575 resistance.

The expected trend for today: Bullish