Gold price provided positive trades to test the key resistance 1960.00, keeping its stability below it until now, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the negative trades to head towards 1925.35 that represents our main target.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1960.00 and hold with a daily close above it.

The expected trading range for today is between 1925.00 support and 1970.00 resistance.

The expected trend for today: Bearish

The USDCAD pair broke 1.2590 level strongly and declined to touch 1.2480 direct, and we expect to break this level to open the way to achieve more expected decline in the upcoming period, on its way to visit 1.2365 areas on the near term basis.

Therefore, the bearish bias will be suggested on the intraday basis, noting that failing to break 1.2480 will lead the price to attempt to recover and test 1.2590 level initially.

The expected trading range for today is between 1.2410 support and 1.2550 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with clear negativity yesterday after breaking 128.60 level, to achieve some temporary bearish correction, noticing that stochastic provides clear positive signals now, waiting to motivate the price to resume the main bullish trend, which its next target located at 130.00.

Note that breaking 127.50 will push the price for additional decline that targets testing the bullish channel’s support line around 126.70 before any new attempt to rise.

The expected trading range for today is between 127.40 support and 128.70 resistance

The expected trend for today: Overall bullish

The GBPUSD pair ended yesterday above 1.3040 level, to head towards achieving expected intraday gains in the upcoming sessions, targeting visiting 1.3145 mainly.

Therefore, we expect to witness more rise today, noting that breaking 1.3040 followed by 1.3000 levels will stop the positive overview and press on the price to decline again.

The expected trading range for today is between 1.3000 support and 1.3160 resistance.

The expected trend for today: Bullish