The GBPUSD pair resumed its negative trading clearly to reach the thresholds of the waited target at 1.3000, finding good support formed by the EMA50, and we expect the continuation of the decline until touching the intraday bullish channel’s support line at 1.2945 as a next negative target.

Therefore, the bearish trend will remain expected for the upcoming period, noting that breaching 1.3090 will stop the negative scenario and leads the price to resume the bullish track within the mentioned channel.

The expected trading range for today is between 1.2945 support and 1.3100 resistance.

The expected trend for today: Bearish temporarily

The EURUSD pair settles around 1.1840 level, noticing that the price recorded lower high, accompanied by witnessing negative overlapping signal through stochastic, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which targets testing 1.1720 level mainly.

Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 1.1880 will stop the expected decline and push the price to resume the main bullish trend again.

The expected trading range for today is between 1.1750 support and 1.1900 resistance.

The expected trend for today: Bearish temporarily

Crude oil price resumes its negative trading strongly to break 40.00 barrier and settles below it, which supports the continuation of our bearish overview in the upcoming sessions, which targets 39.30 followed by 38.10 levels mainly, while achieving them requires holding below 41.60.

Gold price faces negative pressure to attack 1901.80 level and attempts to hold below it, to continue monitoring the price and wait the daily close according to the mentioned level to confirm the next targets clearly, noting that confirming the break will push the price for more decline and head towards 1875.00 followed by 1860.90 levels as next negative stations.