Gold price shows more bearish bias to break the main bullish channel’s support line, reinforcing the expectations of continuing the decline for the rest of the day, which targets testing 1925.35 mainly, reminding you that the continuation of the bearish wave depends on the price stability below 1960.00.

The expected trading range for today is between 1925.00 support and 1965.00 resistance.

The expected trend for today: Bearish

The GBPUSD pair tested 1.3040 level and bounced bearishly to press on 1.3000 again, to keep the bearish trend scenario valid for today, supported by the EMA50, reminding you that our next target reaches 1.2920, while achieving it requires holding below 1.3040.

The expected trading range for today is between 1.2920 support and 1.3050 resistance.

The expected trend for today: Bearish

The EURUSD pair tests 1.0820 level now, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend active for today, which targets 1.0700 as a next main station, noting that breaching 1.0820 will push the price to achieve intraday gains that reach 1.0950.

The expected trading range for today is between 1.0700 support and 1.0850 resistance.

The expected trend for today: Bearish

In spite of the stability of the GBPAUD pair within the bearish track that depends on the stability of the main resistance 1.8760, we notice that the slow negative attack is caused by the lack of the negative momentum, affected by stochastic rally towards 50 level.

We expect to witness more sideways fluctuation until gathering the negative momentum, to manage to press on 1.7400 level, while surpassing it will increase the chances of reaching the historical support at 1.7200, which forms the key to determine the next main trend.

The expected trading range for today is between 1.7610 and 1.7400

The expected trend for today: Bearish