The GBPUSD pair rallied upwards strongly to breach 1.2297 and reach 1.2460 level direct, noticing that the price breached this level and settled above it, to open the way to achieve more bullish correction in the upcoming sessions, waiting to visit 1.2590 as a next correctional target.

Therefore, the bullish trend will be expected on the intraday and short-term basis, taking into consideration that breaking 1.2460 – 1.2430 levels will stop the suggested rise and push the price to decline again.

The expected trading range for today is between 1.2410 support and 1.2575 resistance.

The expected trend for today: Bullish

The EURUSD pair ended yesterday above 1.0860 level, to confirm the continuation of the correctional bullish trend domination and head towards the next positive target that reaches 1.0960, supported by the EMA50 that carries the price from below.

Therefore, we are waiting for more expected rise in the upcoming sessions, noting that breaking 1.0860 will stop the positive scenario and push the price to decline to test 1.0760 initially.

The expected trading range for today is between 1.0800 support and 1.0960 resistance.

The expected trend for today: Bullish

Silver price soared to breach 23.00 level and settles above it, to stop the recently suggested negative scenario and activate bullish wave that we expect to target 23.70 areas on the near-term basis, noting that holding above 23.00 is important to continue the expected rise and guarantee not falling under the negative pressure again.

Crude oil price succeeded to achieving our first waited targe tat 79.60 and attempts to hold above the bearish channel’s resistance, to support the chances of continuing the rise and head towards our next positive station at 81.20, to keep the bullish trend scenario valid and active for the upcoming period unless breaking 77.86 and holding below it.