The GBPUSD pair provides positive trading since yesterday to approach testing the key resistance 1.2476, and the price continues to move inside the bearish channel that appears on the chart, which keeps the bearish trend scenario valid until now, supported by the negative pressure formed by the EMA50.

Our next target is located at 1.2300, noting that breaching 1.2476 will push the price to test 1.2590 direct before any new attempt to decline.

The expected trading range for today is between 1.2350 support and 1.2530 resistance.

The expected trend for today: Bearish

The EURUSD pair shows calm bullish bias to test the EMA50, and the price continues to fluctuate between the key levels represented by 1.1180 support and 1.1295 resistance, and as we mentioned yesterday, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.

We remind you that breaking the mentioned support will press on the price to achieve more decline and head towards 1.1100 as a next negative station, while breaching the resistance will lead the price to start new recovery attempts that target 1.1350 followed by 1.1443 levels initially.

The expected trading range for today is between 1.1150 support and 1.1330 resistance.

The expected trend for today: Depends on the above mentioned levels

Crude oil price bounced downwards strongly after testing 58.00 barrier, to attack 57.33 level and breaks it to settle below it, which leads the price to turn to decline, on its way to achieve negative targets that we expect to reach 56.00 followed by 54.47 levels as next main stations.

Gold price rallied upwards strongly to attack the symmetrical triangle’s resistance, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to achieve our first waited target at 1438.90, noting that breaching this level will extend the bullish wave to reach 1500.00 on the near term basis.