Gold price shows some slight bullish bias after achieving our first waited target at 2390.00$, noticing that stochastic loses the positive momentum clearly, while the EMA50 forms negative pressure against the price.

Therefore, we suggest witnessing more decline in the upcoming sessions, and the next target reaches 2366.10$, taking into consideration that breaking 2390.00$ will complete forming negative pattern that has negative targets that surpass the suggested target to reach areas near 2300.00$ barrier.

Note that the continuation of the bearish trend depends on the price stability below 2438.60$.

The expected trading range for today is between 2380.00$ support and 2415.00$ resistance.

Trend forecast: Bearish

The USDCAD price provides more bullish bias to approach 1.3800$ barrier, and we expect the continuation of the bullish trend to test 1.3845$ that represents our next main target, noting that breaching this level will lead the price to achieve more gains on the short-term and medium-term basis.

The EMA50 supports the suggested bullish wave, which will remain valid unless breaking 1.3690 and holding above it.

The expected trading range for today is between 1.3700$ support and 1.3830$ resistance.

Trend forecast: Bullish

The USDJPY price begins today negatively to press on 156.80 level and attempts to confirm breaking it, to hint the attempt to return to the correctional bearish track again, and we prefer to stay aside until the price confirms its situation according to this level to detect the next destination clearly.

Note that confirming the break will push the price to decline towards 155.35 followed by 153.65 levels as main negative stations, while consolidating above it will lead the price to resume the bullish track and achieve gains that start by visiting 159.30.

The expected trading range for today is between 155.60 support and 157.50 resistance

Trend forecast: Neutral

The GBPUSD price fluctuates within tight range since yesterday, and continues to move around the EMA50, which keeps our bearish overview valid as it is without any change, which its targets begin at 1.2880$ and extend to reach 1.2780$ on the near-term basis, noting that breaching 1.2945$ will stop the expected decline and lead the price to start recovery attempts and attempt to regain the main bullish trend again.

The expected trading range for today is between 1.2840$ support and 1.2990$ resistance.

Trend forecast: Bearish