Gold price continues to fluctuate around the bearish channel’s resistance and around the EMA50, while stochastic loses its positive momentum gradually, waiting to get negative motive that assists to push the price to resume the expected bearish wave for the upcoming period, which its first main target located at 1735.00.

Therefore, we will continue to suggest the bearish trend on the intraday basis, reminding you that the continuation of the expected decline depends on the price stability below 1770.00 and 1780.00 levels.

The expected trading range for today is between 1735.00 support and 1775.00 resistance.

The expected trend for today: Bearish

The USDCAD pair retests 1.2495 level and keeps its stability below it, to keep the negative scenario valid for the upcoming period, supported by stochastic loss to the positive momentum and reaching the overbought areas, waiting to resume the bearish trend that its next target located at 1.2365.

The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2495.

The expected trading range for today is between 1.2400 support and 1.2550 resistance.

The expected trend for today: Bearish

The USDJPY pair shows additional positive trades to succeed achieving our extended target at 113.40, and we suggest the continuation of the rise to breach this level and head towards 114.00 barrier that represents the next positive target.

The EMA50 continues to support the suggested bullish wave, noting that failing to breach the current resistance will press on the price to start intraday bearish wave that targets testing 112.05 areas before any new attempt to rise.

The expected trading range for today is between 112.60 support and 114.00 resistance

The expected trend for today: Bullish

The GBPUSD pair couldn’t manage to breach 1.3660 yesterday, to rebound bearishly and settles below 1.3600, noticing that the price begins today with new bullish bias affected by stochastic positivity, to provide positive chances to resume the positive attempts and head to test the mentioned resistance again, reminding you that breaching this resistance will open the way to achieve additional gains that start at 1.3795 and 1.3865.

Therefore, the bullish bias will be suggested for today, taking into consideration that failing to step above 1.3600 will put the price under additional negative pressure and turns the intraday track to the downside.

The expected trading range for today is between 1.3530 support and 1.3700 resistance.

The expected trend for today: Bullish