The GBPUSD pair succeeded to achieve our waited target at 1.2840 and settles there, and the price is affected by the completion of the double bottom pattern that its signs appear on the chart, which supports the chances of breaching the mentioned level and open the way to achieve more rise in the upcoming period, noting that our next target is represented by testing the psychological barrier at 1.3000.

Therefore, the bullish trend will remain suggested on the intraday and short term basis, taking into consideration that failing to breach 1.2840 will press on the price to provide negative trades that target testing 1.2670 initially before any new attempt to rise.

The expected trading range for today is between 1.2750 support and 1.2920 resistance.

The expected trend for today: Bullish

The EURUSD pair settles around 1.1080 after the rise that it witnessed yesterday, to keep the bullish trend scenario valid and active in the upcoming sessions, getting positive support by the EMA50, reminding you that our main waited target is located at 1.1180.

Holding above 1.0980 is important to continue the expected bullish bias, as breaking it will press on the price to return to the bearish channel that appears on the chart.

The expected trading range for today is between 1.1000 support and 1.1180 resistance.

The expected trend for today: Bullish

Crude oil price provides positive trades to fluctuate around the EMA50, but as long as the price is below 54.60, our bearish overview will remain valid, waiting to visit 51.80 level mainly, noting that breaching 54.60 will push the price to achieve more gains on the intraday and short term basis.

Gold price shows some bullish bias to move above 1485.00 level, while stochastic reaches the overbought areas, waiting to motivate the price to rebound bearishly and resume today’s suggested bearish trend, which gets continuous support by the EMA50, depending on the stability of the daily close below the mentioned level, reminding you that our first target is located at 1447.00.