Gold price shows positive trades to approach testing the key resistance 1797.00, accompanied by stochastic loss to the positive momentum and approaching the overbought areas, waiting to motivate the price to resume the negative trades that target testing 1770.00 level as a next station.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1797.00 and holding above it, as breaching this level will lead the price to start recovery attempts and visit 1825.15 areas initially.

The expected trading range for today is between 1770.00 support and 1805.00 resistance.

The expected trend for today: Bearish

The USDCAD pair shows more bearish bias to approach the EMA50 that continues to support the price from below, waiting to resume the bullish wave that its targets begin by breaching 1.2725 level to open the way to rally towards 1.2950.

Holding above 1.2590 is important to continue the expected rise, as breaking it will press on the price to achieve additional decline that its next targets reach 1.2480.

The expected trading range for today is between 1.2600 support and 1.2730 resistance.

The expected trend for today: Bullish

The USDJPY pair resumed its positive trades clearly yesterday to succeed achieving our first extended target at 115.50, expecting the continuation of the bullish wave to head towards 117.00 areas on the near term basis, organized inside the bullish channel that appears on the chart.

Therefore, the bullish trend will remain active for the upcoming period unless breaking 114.70 and holding above it.

The expected trading range for today is between 114.80 support and 116.10 resistance

The expected trend for today: Bullish

The GBPUSD pair managed to break 1.3355 and close the daily candlestick below it, to reinforce the expectations of continuing the main bearish trend, and the way is open to achieve more decline that its next main target reaches 1.3160.

On the other hand, we should note that breaching 1.3355 and holding above it might push the price to achieve intraday bearish correction that targets testing 1.3425 and might extend to 1.3485 areas before any new attempt to decline.

The expected trading range for today is between 1.3260 support and 1.3425 resistance.

The expected trend for today: Bearish