The GBPUSD pair keeps declining to reach 1.3700 barrier, and the negative effect of the double top pattern still active, waiting for more bearish bias in the upcoming sessions, reminding you that our main waited targets start at 1.3675 and extend to 1.3580.

The EMA50 continues to support the suggested bearish wave, noting that achieving the expected targets requires holding below 1.3835.

The expected trading range for today is between 1.3640 support and 1.3800 resistance.

The expected trend for today: Bearish

The EURUSD pair opens today’s trading with new decline to reach our waited target at 1.1700, expecting the continuation of the negative pressure to surpass this level and head towards our next target that reaches 1.1605, supported by the negative pressure that the EMA50 continues to provide.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.1780.

The expected trading range for today is between 1.1605 support and 1.1780 resistance.

The expected trend for today: Bearish

Crude oil price faced negative pressure to break 61.25 level and reach the key support 59.85, which urges caution from the upcoming trading, as continuing the decline and breaking the mentioned support will force the price to suffer more losses and achieve negative targets that start at 58.00, while breaching 61.25 represents the key to regain the bullish trend that its next target located at 63.30.

Gold price declined strongly to surpass our first target at 1692.00 and opens the way to continue the bearish trend, to reinforce the continuation of the bearish trend scenario in the upcoming sessions, reminding you that our next target is located at 1665.00, while holding below 1705.00 represents initial condition to achieve it.