Gold price bounced bearishly after approaching the waited positive target at 1925.35, to resume the main bearish track, waiting to break 1890.00 to confirm extending the bearish wave towards 1850.00 as a next negative target.

Therefore, we expect to witness negative trades in the upcoming sessions, supported by the negative signals provided by stochastic and the EMA50, noting that it is important to hold below 1925.35 to achieve the suggested targets.

The expected trading range for today is between 1870.00 support and 1910.00 resistance.

The expected trend for today: Bearish

The USDCAD pair rallied upwards again to surpass 1.2850 level, reinforcing the expectations of continuing the main bullish trend, and we believe that the way is open to head towards our next main target at 1.2950.

Holding above 1.2725 is important to continue the expected rise, as breaking it will push the price back to the correctional bearish track again.

The expected trading range for today is between 1.2800 support and 1.2940 resistance.

The expected trend for today: Bullish

The USDJPY pair faced negative pressure in the previous sessions to test the key support 129.40, and begins to rise again by today’s open, to keep the main bullish trend valid on the intraday and short term basis, waiting to head towards 132.00 that represents our next main target.

Stochastic and the EMA50 support the suggested bullish wave, which will remain valid unless breaking 129.10 and holding below it.

The expected trading range for today is between 129.70 support and 131.00 resistance

The expected trend for today: Bullish

The GBPUSD pair settled above 1.2565 level, to head towards achieving expected intraday bullish correction in the upcoming sessions, targeting 1.2670 level initially, noting that breaching this level will extend the bullish wave to reach 1.2750 as a next positive target.

We should note that breaking 1.2570 followed by 1.2540 levels will stop the expected rise and press on the price to return to the main bearish track again.

The expected trading range for today is between 1.2520 support and 1.2670 resistance.

The expected trend for today: Bullish