Gold price rallied upwards yesterday to surpass our waited target at 2644.65$ and open the way to achieve more gains on the short-term and medium-term basis, and we believe that the way is open to target 2700.00$ barrier as a next main station.

Therefore, we are waiting for more expected rise in the upcoming sessions, supported by the EMA5, noting that breaking 2647.00$ will stop the bullish wave and put the price under correctional bearish pressure on the intraday basis before turning back to rise again.

The expected trading range for today is between 2650.00$ support and 2690.00$ resistance.

Trend forecast: Bullish

The USDCAD price declined strongly yesterday to surpass our waited target at 1.3471$ and settles below it, opening the way to continue the decline on the intraday basis, to head towards visiting 1.3360$ as a next negative target.

The EMA50 forms negative pressure that supports the continuation of the suggested bearish wave, which will remain valid unless breaching 1.3471$ and holding above it.

The expected trading range for today is between 1.3355$ support and 1.3490$ resistance.

Trend forecast: Bearish

The USDJPY price traded negatively yesterday to break 143.40 and close the daily candlestick below it, to head towards building expected bearish wave in the upcoming sessions, targeting 141.75 followed by 140.24 levels as next negative stations.

Therefore, the bearish bias will be expected for today, noting that breaching 143.40 followed by 144.15 levels will stop the bearish wave and lead the price to recover again.

The expected trading range for today is between 142.50 support and 144.10 resistance

Trend forecast: Bearish

The GBPUSD price succeeded to achieve our waited target at 1.3400$, noticing that the price ended yesterday above it, to confirm the continuation of the bullish trend domination and open the way to visit 1.3500$ as a next positive target.

Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 1.3355$ will stop the bullish trend and push the price to achieve some intraday bearish correction.

The expected trading range for today is between 1.3355$ support and 1.3505$ resistance.

Trend forecast: Bullish