Gold price ended yesterday with clear negativity to settle below 1860.00, but we notice that stochastic gained positive momentum that we expect to motivate the price to rise again, while the EMA50 keeps supporting the price from below.

Therefore, we expect to witness positive trades in the upcoming sessions, and the price needs to step above 1860.00 to confirm the continuation of the rise towards 1900.00 as a next main target, taking into consideration that failing to breach 1860.00 will put the price under additional negative pressure to visit 1835.00 followed by 1825.15 areas before any new positive attempt.

The expected trading range for today is between 1840.00 support and 1880.00 resistance.

The expected trend for today: Bullish

The USDCAD pair managed to achieve our waited positive target at 1.2590 and settles around it, and we expect to surpass this level today to open the way to achieve more gains on the intraday and short term basis, to head towards 1.2725 as a next main target.

Therefore, the bullish trend will remain expected for the upcoming sessions supported by the EMA50 that carries the price from below, noting that the stability of 1.2590 against the positive attempts will press on the price to test 1.2480 areas again before any new attempt to rise.

The expected trading range for today is between 1.2520 support and 1.2650 resistance.

The expected trend for today: Bullish

The USDJPY pair succeeded to achieve our first waited target at 114.70 and breached it to close the daily candlestick above it, confirming the continuation of the bullish trend on the intraday and short term basis, paving the way to head towards 115.50 as a next main target.

The EMA50 continues to support the suggested bullish wave, noting that failing to hold above 114.70 might press on the price to achieve some intraday bearish correction before turning back to rise again.

The expected trading range for today is between 114.30 support and 115.50 resistance

The expected trend for today: Bullish

The GBPUSD pair kept its stability below 1.3470 level, and bounced bearishly from there to resume the expected bearish track for the upcoming period, and the way is open to visit 1.3355 as a first target.

Therefore, we are waiting for more expected decline for today, noting that breaking the targeted level will extend the bearish wave to reach 1.3160 on the near term basis, while holding below 1.3470 represents key condition to continue the bearish trend.

The expected trading range for today is between 1.3320 support and 1.3480 resistance.

The expected trend for today: Bearish