Gold price touched 1825.15 level and bounced downwards clearly from there, to keep the bearish trend scenario valid and active for the upcoming period, noting that the expected targets begin by breaking 1797.00 to confirm opening the way to head towards 1770.00, reminding you that it is important to hold below 1825.15 to continue the expected decline.

The GBPUSD pair broke 1.3670 strongly and declined sharply to touch our extended target at 1.3600 and attempts to break it, which hints heading to achieve more expected decline on the short term and medium term basis, noting that the next target reaches 1.3500, while the price needs to hold below 1.3670 to continue the expected bearish trend.

The EURUSD pair managed to break 1.1780 and closed the last four hours’ candlestick below it, which supports the continuation of our bearish overview efficiently for the upcoming period, reminding you that our next target is located at 1.1700, while holding below 1.1780 represents initial condition to continue the suggested decline.

The CADJPY price suffered strong negative pressures that forces it to exit the bullish track by reaching the bullish channel’s support at 87.29, suffering big losses by reaching the extra support at 85.45 level.

We expect forming temporary sideways fluctuation until breaking the current support, which allows it to continue the negative attack and targeting new negative levels that begin at 84.73 and 83.90.

The expected trading range for today is between 86.45 and 84.75

The expected trend for today: Bearish