Gold price ended yesterday with clear negativity to reach the bullish channel’s support line that appears on the chart, noticing that the EMA50 meets this support to add more strength to it, while stochastic begins to provide the positive signals now.

Therefore, we believe that the chances valid to trade positively in the upcoming sessions, and the targets begin at 1905.00 followed by 1928.60, noting that breaking 1870.00 will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 1865.00 support and 1905.00 resistance.

The expected trend for today: Bullish

The USDCAD pair attempted to breach 1.2854 level yesterday but it returned to decline and trade below this level, starting today with new bearish bias to move away from the mentioned level, which keeps the bearish trend scenario valid and active for today, waiting to visit 1.2765 followed by 1.2688 levels.

We remind you that breaching 1.2854 and holding above it will stop the expected decline and push the price to achieve new bullish correction that its targets begin at 1.2956.

The expected trading range for today is between 1.2740 support and 1.2880 resistance.

The expected trend for today: Bearish

The USDJPY pair traded positively yesterday and breached 103.65 level, but we notice that the price begins today with clear decline to press on this level and attempts to trade below it again, supported by the negative signal provided by stochastic, waiting for more decline in the upcoming sessions to head towards 102.50 that represents our next negative target.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 103.65.

The expected trading range for today is between 102.80 support and 104.00 resistance

The expected trend for today: Bearish

The GBPUSD pair provided clear negative trades yesterday to test 38.2% Fibonacci correction level at 1.3440, noticing that this level formed strong support against the price, to push trades to rise again and resume the bullish trend inside the bullish channel that appears on the chart.

Therefore, we expect witnessing more rise in the upcoming sessions, and the targets begin at 1.3624 and extend to 1.3760, noting that breaking 1.3440 will press on the price to achieve additional decline that targets testing 1.3320 areas and might extend to 1.3250 before any new attempt to rise.

The expected trading range for today is between 1.3440 support and 1.3580 resistance.

The expected trend for today: Bullish