Gold price’s decline stopped at 1676.75, to start providing positive attempts now, and by taking a deeper look at the chart, we find that th recent trades confined within falling wedge pattern that might push the price to turn to rise in case breaching 1695.00 level.

Therefore, we prefer staying aside until we get clearer signal for the next trend, which we will get through breaching 1695.00 resistance or breaking 1682.00 support, noting that breaching this resistance will push the price to achieve intraday gains that target 1715.00 followed by 1740.00 levels initially, while breaking the support represents the key to resume the main bearish trend that its next target located at 1655.00.

The expected trading range for today is between 1670.00 support and 1710.00 resistance.

The expected trend for today: Neutral

The USDCAD pair did not show any strong move in the previous sessions, to remain confined between the key levels represented by 1.2635 support and 1.2715 resistance, which keeps our neutrality valid until breaching one of them.

Note that breaking the mentioned support will press on the price to resume the main bearish trend and head towards 1.2525 areas initially, while breaching the resistance represents the key to rally to visit the main bearish channel’s resistance at 1.2820 direct.

The expected trading range for today is between 1.2580 support and 1.2730 resistance.

The expected trend for today: Neutral

The USDJPY pair rallied upwards again to succeed touching our waited target at 109.22, facing solid resistance there that might force the price to rebound bearishly and start intraday bearish wave.

Therefore, we prefer staying aside temporarily until we get clearer signal for the next trend, noting that breaking 108.85 will confirm the continuation of the decline and start bearish correction that targets 107.90 areas mainly, while breaching 109.22 represents the key to achieve new gains that reach 109.85 followed by 110.30.

The expected trading range for today is between 108.50 support and 109.85 resistance

The expected trend for today: Bullish

The GBPUSD pair continues to fluctuate within sideways track since yesterday, which is considered as a continuation pattern that supports the chances of continuing the expected decline on the intraday basis, and the price needs to break 1.3800 to open the way to rally towards our main negative target at 1.3690.

Therefore, we will keep our bearish overview for today conditioned by the price stability below 1.3870, as breaching this level will push the price to achieve intraday gains that target testing 1.3980 areas before any new attempt to decline.

The expected trading range for today is between 1.3740 support and 1.3900 resistance.

The expected trend for today: Bearish