Gold price fluctuates between the key levels represented by the support line that declines to 1784.50 and 1797.00 resistance, which makes us continue monitoring the price and stay aside until the price confirms surpassing one of these levels.

Note that breaking the mentioned support will press on the price to decline towards 1770.00 areas again as a first negative target, while breaching the resistance will lead the price to start recovery trip that targets 1825.15 mainly.

The expected trading range for today is between 1765.00 support and 1805.00 resistance.

The expected trend for today: Depends on the above mentioned levels

The USDCAD pair couldn’t manage to surpass 1.2950 level, to show some bearish bias and head to start intraday bearish correction, as we expect to target 1.2885 followed by 1.2840 levels as initial negative stations.

Therefore, the bearish trend will be expected for today, noting that breaking the last level will press on the price to visit 1.2725 areas on the near term basis, while breaching 1.2950 represents the key to stop the current correctional bearish pressure and resume the main bullish track again.

The expected trading range for today is between 1.2840 support and 1.2970 resistance.

The expected trend for today: Bearish

The USDJPY pair surpassed 114.00 level and closed the daily candlestick above it, to exit the sideways range that dominated the recent trades and heads to achieve expected gains on the intraday basis, on its way to visit 115.50 level as a next main target.

Stochastic current negativity might cause sideways fluctuation before resuming the positive attempts, supported by moving above the EMA50, taking into consideration that breaking 114.00 and holding below it will stop he positive scenario and push the price back to the sideways track again.

The expected trading range for today is between 113.60 support and 114.80 resistance

The expected trend for today: Bullish

The GBPUSD pair provided additional positive trades yesterday and attempted to breach 1.3250 level, but it returns to fluctuate around this level and shows bearish bias now, noticing that the recent trades are confined within rising wedge pattern that we expect to push the price to return to the bearish channel again, especially that stochastic shows clear negative signals now.

Therefore, we expect to witness negative trades in the upcoming sessions conditioned by the price stability below 1.3250 and 1.3275, noting that our first main target is located at 1.3160.

The expected trading range for today is between 1.3160 support and 1.3315 resistance.

The expected trend for today: Overall bearish