The GBPUSD pair ended yesterday below the main bullish channel’s support line, to retest the breached resistance of the minor bearish channel that appears on the chart, noticing that stochastic provides positive signals that might assist to push the price to recover again.

Now, we need to monitor 1.3790 support and 1.3880 resistance to detect the next destination clearly, noting that breaching the mentioned resistance will reactivate the main positive scenario that its next target located at 1.4000, while breaking the support represents negative factor that will press on the price to achieve negative targets that start at 1.3705 and extend to 1.3580.

The expected trading range for today is between 1.3740 support and 1.3920 resistance.

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

The EURUSD pair managed to reach the thresholds of the waited target at 1.1885 and settles near it, noticing that the price lost its positive momentum, which might press on trades to rebound bearishly again, while the EMA50 attempts to support the price from below.

Therefore, the contradiction between the technical factors makes us prefer stay neutral until we get clearer signal for the next trend, noting that breaching the mentioned level will push the price to achieve additional gains that reach 1.1975 as a next target, while consolidating below it will force the price to decline again to test 1.1780 as a first negative station.

The expected trading range for today is between 1.1780 support and 1.1950 resistance.

The expected trend for today: Neutral

Crude oil price bounced downwards clearly after testing the most important resistance at 60.65, to settle below 59.85 again, which keeps the bearish trend scenario valid and active for the upcoming period, which depends on the price stability below the mentioned resistance, reminding you that our waited targets begin at 57.25 followed by 54.85.

Gold price resumes its positive trades to crawl gradually towards our waited target at 1765.00, waiting for more rise supported by the EMA50, reminding you that it is important to hold above 1765.00 to continue the suggested rise.