Gold price’s rise stopped at the key resistance 1735.00, and begins providing bearish rebound signals now, noticing that stochastic lost its positive momentum to show clear overbought signals, reinforcing the chances of achieving more decline today.

Therefore, the bearish trend scenario will remain valid and active for the upcoming sessions conditioned by the price stability below 1735.00, reminding you that our main waited targets begin at 1692.00 and extend to 1660.00 after breaking the previous level.

The expected trading range for today is between 1700.00 support and 1740.00 resistance.

The expected trend for today: Bearish

The USDCAD pair resumed its negative trades in the previous sessions to start pressing on the recently recorded low at 1.2468, reinforcing the expectations of continuing the bearish trend on the intraday and short-term basis, which its next target located at 1.2415.

Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the EMA50, taking into consideration that failing to break 1.2468 will lead the price to start recovery attempts that target testing 1.2565 followed by 1.2635 areas before any new attempt to decline.

The expected trading range for today is between 1.2400 support and 1.2530 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with clear positivity to start testing the recently recorded high at 109.22, waiting to breach this level to confirm opening the way to continue the rise towards our positive targets that start at 109.85 followed by 110.30.

The EMA50 keeps supporting the price from below, reinforcing the expectations of continuing the bullish trend, reminding you that it is important to hold above 108.35 to continue the suggested positive scenario.

The expected trading range for today is between 108.60 support and 109.85 resistance

The expected trend for today: Bullish

The GBPUSD pair attempted to break 1.3905 but it finds solid support there, waiting to get negative motive that assists to confirm the break and push the price to keep declining in the upcoming sessions.

Until now, the bearish trend scenario still suggested on the intraday basis depending on the price stability below the broken support of the bullish channel, noting that our next target is located at 1.3800.

The expected trading range for today is between 1.3830 support and 1.4000 resistance.

The expected trend for today: Bearish