Gold price faced strong negative pressure in the previous sessions to complete forming minor double top pattern and approaches 1834.00 level, showing recovery attempts now, but its still below the broken neckline of the mentioned negative pattern, which makes us prefer staying aside until we get clearer signal for the next trend.

Note that breaching the resistance line formed at 1850.00 will release the price from the current negative pressure and lead to resume the bullish track that its next target located at 1900.00, while breaking 1834.00 represets negative factor that will press on the price to achieve new decline that surpasses 1825.15 to head towards 1800.00.

The expected trading range for today is between 1830.00 support and 1865.00 resistance.

The expected trend for today: Neutral

The USDCAD pair traded with clear positivity to move away from 1.2590, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our waited target at 1.2725.

The EMA50 continues to support the price from below, to continue suggesting the bullish trend for the upcoming period conditioned by the price stability above 1.2590.

The expected trading range for today is between 1.2580 support and 1.2710 resistance.

The expected trend for today: Bullish

The USDJPY pair leaned on the bullish channel’s support line and bounced bullishly from there, to resume the main bullish track, supported by stochastic positivity, waiting to visit 114.70 as a first positive target.

We remind you that breaching the targeted level will extend the bullish wave to reach 115.50 as a next station, while the expected rise will remain valid conditioned by the price stability above 113.65 and the most important above 113.40.

The expected trading range for today is between 113.60 support and 114.90 resistance

The expected trend for today: Bullish

The GBPUSD pair tested 1.3470 level and bounced bearishly from there, to keep the bearish trend scenario active for the upcoming period, organized inside the bearish channel that appears on the chart, waiting to visit 1.3355 as a next main target.

The EMA50 presses negatively on the price to support the expected decline, reminding you that it is important to hold below 1.3470 to continue the bearish trend.

The expected trading range for today is between 1.3350 support and 1.3480 resistance.

The expected trend for today: Bearish