Gold price provided additional negative trades yesterday and attebpted to move away from 1825.15 level, but we notice that the EMA50 formed good support the protect the price from suffering more losses, as the price bounced to trade above 1825.15 now, which keeps the bullish trend scenario valid and active for the upcoming period, waiting to visit 1860.00 as a next main target.

Therefore, we are waiting for more rise today supported by stochastic positivity, noting that failing to consolidate above 1825.15 will press on the price to decline again and test 1797.00 areas before any new attempt to rise.

The expected trading range for today is between 1810.00 support and 1840.00 resistance.

The expected trend for today: Bullish

The USDCAD pair succeeded to touch our waited target at 1.2480 and found solid support therefore, to show some slight bullish bias, noticing that stochastic shows clear overbought signals now, to expect motivating the price to resume the negative trades and break the mentioned level to head towards 1.2370 as a next target.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.2590 and 1.2625 levels.

The expected trading range for today is between 1.2420 support and 1.2570 resistance.

The expected trend for today: Bearish

The USDJPY pair broke 114.50 level strongly to touch the expected negative target at 113.60 direct, opening the way to continue the bearish correction, noting that breaking the last level will push the price to 112.75 as a next negative station.

Therefore, the bearish bias will be expected in the upcoming sessions, taking into consideration that failing to break 113.60 will lead the price to start recovery attempts and test 114.65 areas initially.

The expected trading range for today is between 113.00 support and 114.40 resistance

The expected trend for today: Bearish

The GBPUSD pair begins today with bullish bias that hints heading to resume the main bullish track, motivated by the positive overlapping signal provided by stochastic now, waiting for more rise to visit 1.3815 that represents our next main target.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.3660 and holding below it.

The expected trading range for today is between 1.3660 support and 1.3815 resistance.

The expected trend for today: Bullish