The GBPUSD pair provided clear negative trades on last Friday’s evening to break the intraday bullish channel’s support that appears on the chart and settles below it, which supports the continuation of our bearish overview on the intraday and short term basis, supported by the negative pressure formed by the EMA50, waiting to head towards 1.2705 mainly.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.3000.

The expected trading range for today is between 1.2850 support and 1.3020 resistance.

The expected trend for today: Bearish

The EURUSD pair shows sideway and tight trades since last Friday, to continue fluctuating around the intraday bearish channel’s resistance, thus, no change to the bearish trend scenario that depends on the price stability below 1.1900, waiting to head towards 1.1720 that represents our next main target.

We should note that breaching 1.1900 and holding above it will stop the negative scenario and brings the price back to the main bullish channel again.

The expected trading range for today is between 1.1760 support and 1.1930 resistance.

The expected trend for today: Bearish

Crude oil price provides new negative trades to attack the intraday bullish channel’s support line, which urges caution from the upcoming trading, as the continuation of the bearish bias and breaking 40.30 will stop the recently suggested positive scenario and press on the price to turn to decline.

Gold price resumes its positive trading to head towards our first waited target at 1967.90, waiting for more rise in the upcoming sessions, which its targets extend to 2008.80 after surpassing the previous level, reminding you that it is important to hold above 1934.86 to continue the expected rise.