The GBPUSD pair provided strong positive trades after leaning on the bullish channel’s support line in the previous sessions, to surpass 1.3900 barrier and support the expectations of continuing the bullish trend on the intraday and short term basis, which its next target located at 1.3965, noting that breaching this level will push the price to achieve more gains and visit 1.4070 followed by 1.4145 areas as next main stations.

Therefore, the bullish trend will remain valid and active for the upcoming period unless breaking 1.3785 and holding below it.

The expected trading range for today is between 1.3830 support and 1.4000 resistance.

The expected trend for today: Bullish

The EURUSD pair bounced bullishly after testing the EMA50, to crawl towards our first waited positive target at 1.2173, to keep the bullish trend scenario valid and active for the upcoming period, reminding you that breaching the mentioned level will extend the bullish wave to reach 1.2300 as a next target.

On the other hand, we should note that breaking 1.2064 will stop the suggested rise and press on the price to return to the correctional bearish track again.

The expected trading range for today is between 1.2065 support and 1.2220 resistance.

The expected trend for today: Bullish

Crude oil price rallied upwards strongly after approaching our waited target at 57.17, to breach 58.88 and opens the way to resume the main bullish trend, on its way to achieve more gains that start at 60.00 and extend to 62.07.

Gold price provides additional positive trades to test 1830.00, waiting to resume the bearish trend that depends on the price stability below the mentioned level and below 1838.10, supported by the negative pressure formed by the EMA50, reminding you that our waited targets begin at 1800.00 and extend to 1765.00.