The GBPUSD price fluctuates at the bearish flag’s support line that rises now to 1.2215$, and the price needs to break this level to activate the negative effect of the mentioned pattern followed by heading towards the next negative target of the bearish wave at 1.2045$.

The EMA50 keeps supporting the suggested bearish wave, noting that breaching 1.2300$ will push the price to recover and head to test the bearish channel’s resistance line around 1.2485$ before any new attempt to decline.

The expected trading range for today is between 1.2150$ support and 1.2300$ resistance

Trend forecast: Bearish

The EURUSD price continues to fluctuate within tight range, and still around the EMA50, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin by breaking 1.0220$ to open the way to head towards 1.0100$.

We remind you that breaching 1.0325$ will stop the negative scenario to push the price towards starting bullish correction on the intraday basis.

The expected trading range for today is between 1.0210$ support and 1.0365$ resistance

Trend forecast: Bearish

Crude oil price faces strong negative pressure to break the bullish channel’s support line and head towards starting bearish correction on the intraday basis, noting that closings the day below 78.25$ will confirm the continuation of the decline and achieve negative targets that start by visiting 76.75$ areas.

Gold price rallied upwards strongly to approach our extended target at 2725.00$, and the way seems open to continue the rise and achieve more gains on the intraday and short term basis, taking into consideration that breaking 2700.00$ might force the price to achieve some temporary decline before turning back to rise again.