The GBPUSD pair still confined between the key levels represented by 1.3530 support and 1.3600 resistance, and as we mentioned in our last report, the price needs to breach one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.
The contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality, noting that breaking the mentioned support will press on the price to continue the decline within the bearish channel that its first target located at 1.3410, while breaching the resistance will lead the price to turn to rise and visit 1.3660 followed by 1.3720 levels initially.
The expected trading range for today is between 1.3490 support and 1.3670 resistance.
The expected trend for today: Neutral
The EURUSD pair is retesting the previously broken support 1.1563 and keeps its stability below it, to keep the negative scenario valid for the upcoming period, supported by the EMA50 that pushes the price to the downside, reminding you that our next target is located at 1.1500.
Note that breaking the mentioned level will extend the bearish wave to reach 1.1420 as a next main station, while breaching 1.1563 will lead the price to start correctional bullish attempts that target testing 1.1670 areas initially.
The expected trading range for today is between 1.1460 support and 1.1620 resistance.
The expected trend for today: Bearish
Crude oil price managed to surpass our first target at 77.85 to open the way to head towards our second waited target at 76.65, and we need to monitor the upcoming trading, as breaking the second level will extend the bearish wave to reach 74.50 on the near term basis.
Gold price bounced upwards clearly to head towards potential test to the key resistance at 1770.00, and as long as the price is below this level, our bearish overview will remain valid and active, reminding you that our main waited target located at 1735.00.