The GBPUSD pair’s decline stopped at 1.4080 level, and begins to rebound bullishly to hint heading to resume the main bullish trend, which makes us expect stopping yesterday’s suggested negative scenario, noticing that stochastic provides clear positive signals that support the chances of achieving more gains in the upcoming sessions.

Our expected positive targets begin at 1.4230 followed by 1.4275, taking into consideration that breaking 1.4070 will press on the price to achieve new decline that targets visiting 1.3890 areas before any new attempt to rise.

The expected trading range for today is between 1.4070 support and 1.4250 resistance.

The expected trend for today: Bullish

The EURUSD pair shows more attempts to breach 1.2173 level, as it begins today with new bullish bias to test the mentioned level, supported by the EMA50 that continues to carry the price from below, which supports the continuation of our bullish overview, which targets 1.2300 as a next main station.

On the other hand, we should note that breaking 1.2120 will put the price under intraday negative pressure that targets testing 1.2064 areas before any new attempt to rise.

The expected trading range for today is between 1.2100 support and 1.2260 resistance.

The expected trend for today: Bullish

Gold price bounced upwards strongly after the decline that it witnessed in the previous sessions, to test the key resistance 1800.00, and the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, which targets 1765.00 followed by 1740.00 levels, noting that breaching 1800.00 will lead the price to recover and head towards 1820.00 initially.

Gold price broke 1800.00 level strongly to activate the bearish trend scenario in the upcoming sessions, and the way is open to achieve the negative targets that start at 1765.00 followed by 1740.00, making the bearish bias expected for the rest of the day unless breaching 1800.00 and holding above it.