Gold price rebounds upwards clearly after reaching the thresholds of the waited negative target at 1615.00, to head towards achieving expected gains in the upcoming sessions, targeting testing 1660.00 mainly, noting that breaching this level will lead the price to achieve additional rises and open the way to head towards 1686.40 as a next positive target.

Therefore, the bullish bias will be suggested for today, noting that breaking 1630.00 will stop the expected rise and press on the price to decline again.

The expected trading range for today is between 1625.00 support and 1665.00 resistance.

The expected trend for today: Bullish

The USDCAD pair succeeded to achieve our first suggested positive target at 1.3775 and bounced downwards clearly from there, to approach testing the key support base 1.3680 by today’s open, affected by stochastic negativity that gets rid of its negative momentum clearly, while the EMA50 meets the mentioned support to add more strength to it.

Therefore, these factors encourage us to suggest the bullish bias for today, which its next target reaches 1.3860, noting that breaking 1.3680 will put the price under additional negative pressure and push the price to return to the correctional bearish trend again.

The expected trading range for today is between 1.3630 support and 1.3780 resistance.

The expected trend for today: Bullish

The USDJPY pair traded positively yesterday to breach the bearish channel’s resistance and settles above it, to hint the attempt to regain the main bullish trend again, but we notice that stochastic lost its positive momentum clearly, to put the price under negative pressure by today’s open.

Therefore, the contradiction between the technical factors makes us prefer to stay aside until we get clearer signal for the next trend, noting that breaching 148.45 will lead the price to achieve more gains and head towards 150.00 areas initially, while breaking 147.17 will put the price under the correctional bearish pressure again, to target 146.00 followed by 144.20 levels as next negative stations.

The expected trading range for today is between 147.10 support and 148.90 resistance

The expected trend for today: Neutral

The GBPUSD pair continued to decline strongly yesterday to reach the waited negative targe tat 1.1130, which represents 38.2% Fibonacci correction level for the rise measured from 1.0294 to 1.1645, and it might show some temporary bullish bias affected by stochastic positivity before turning back to decline again.

We expect the continuation of the bearish correctional domination on the upcoming trades unless the price rallied to breach 1.1325 and hold above it, noting that breaking 1.1130 will push the price to head towards 1.0970 as a next negative target.

The expected trading range for today is between 1.1100 support and 1.1280 resistance.

The expected trend for today: Bearish