Gold price show new retest process to the previously broken neckline of the tripl top pattern at 1282.00, and the price needs to hold below this level to keep the negative effect of this pattern active, waiting to resume the bearish bias and break 1275.30 level to reinforce the expectations of continuing the correctional bearish trend.

Therefore, we will keep our bearish overview unless breaching 1282.00 level and holding above it, reminding you that the waited correctional targets begin at 1253.20 and extend to 1231.10 after surpassing the previous level.

The expected trading range for today is between 1260.00 support and 1290.00 resistance.

The expected trend for today: Bearish

The USDCAD pair shows some slight bearish bias to move below 1.3500 barrier now, but we notice that stochastic got rid of its negative momentum to reach the oversold areas now, which supports the chances of bouncing bullishly to resume the expected bullish trend on the intraday and short term basis, which its next main target located at 1.3700.

The EMA50 supports the expectations to rise, which its continuation conditions holding above 1.3382.

The expected trading range for today is between 1.3400 support and 1.3570 resistance.

The expected trend for today: Bullish

The USDJPY pair succeeded to break 111.80 level and settled below it, which supports the continuation of our bearish overview efficiently in the upcoming period, paving the way to target 110.08 level as a next main station.

Moving below the EMA50 supports the expectations to decline, while breaching 112.14 and holding above it will stop the negative scenario and lead the price to resume the bullish trend on the short term basis.

The expected trading range for today is between 110.80 support and 112.14 resistance

The expected trend for today: Bearish

The GBPUSD pair hovers around 1.2900 level now, noticing that stochastic loses its positive momentum gradually, waiting to motivate the price to resume the expected bearish trend on the intraday and short term basis, which its next target located at 1.2800.

Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 1.2962, noting that the EMA50 forms negative pressure to support the expected decline.

The expected trading range for today is between 1.2800 support and 1.2960 resistance.

The expected trend for today: Bearish