Gold price approached few pips away from our waited target at 2009.30, and rebounds bearishly from there to hint heading to visit the intraday bullish channel’s support line that appears on the chart, located at 1976.75 now.

Therefore, the bearish bias will be suggested for today, supported by stochastic loss to the positive momentum, noting that breaking the targeted level will extend the bearish wave to reach 1962.35, while breaching 2009.30 will stop the negative scenario and lead the price to resume the main bullish trend again.

The expected trading range for today is between 1985.00 support and 2015.00 resistance.

The expected trend for today: Bearish temporarily

The USDCAD pair still confined between the trend keys represented by 1.3680 support and 1.3740 resistance, which keeps our neutrality valid until now, as we are waiting to breach one of these levels to detect the next destination clearly.

The contradiction between the technical indicators provides another reason for neutrality, and to review the expected targets after breaching the mentioned levels, please check our previous report.

The expected trading range for today is between 1.3630 support and 1.3770 resistance.

The expected trend for today: Neutral

The USDJPY pair bounced upwards clearly after approaching 147.00 barrier, to test the key resistance at 148.30, noticing that the price consolidates below this resistance, accompanied by stochastic loss to the positive momentum clearly, which supports the chances of resuming the expected bearish trend for the upcoming period, which its next main target located at 146.17.

Therefore, we will continue to suggest the bearish trend on the intraday basis, reminding you that it is important to hold below 148.30 to achieve the waited targets.

The expected trading range for today is between 147.40 support and 148.80 resistance

The expected trend for today: Bearish

The GBPUSD pair fluctuates within tight range since yesterday, settling around 1.2540 level, thus, no change to the expected bullish trend on the intraday basis, which its first target located at 1.2590, reminding you that breaching it will push the price to rally towards the next correctional level at 1.2720.

On the other hand, we should note that the continuation of the bullish wave depends on the price stability above 1.2460 and 1.2430 levels.

The expected trading range for today is between 1.2480 support and 1.2620 resistance.

The expected trend for today: Bullish