The GBPUSD pair resumes its positive trading to approach from 1.2300 barrier, reinforcing the expectations for the main bullish trend continuation, waiting for testing 1.2345 level initially, followed by heading towards 1.2450 levels on the near-term basis.

Therefore, we will keep preferring the bullish trend in the upcoming period supported by the EMA50, being aware that holding above 1.2170 is important for achieving these targets.

The expected trading range for today is between 1.2200 support and 1.2370 resistance.

The expected trend for today: Bullish

The EURUSD pair confirmed breaching 1.0515 level after closing the daily candlestick above it, to confirm resuming the bullish trend within the bullish channel that appears in the image, where it approaches from the initial positive target at 1.0600, preferring breaching this level to open the way towards 1.0758.

Therefore, the bullish bias will remain preferred for today unless breaking 1.0515 level and holding below it again.

The expected trading range for today is between 1.0515 support and 1.0670 resistance.

The expected trend for today: Bullish

Crude oil price showed high volatility, as it rallied upwards to approach the bearish channel’s resistance, but it declined quickly to reach the thresholds of 71.00$ barrier, to keep the bearish trend scenario valid and active for the upcoming period conditioned by the price stability below 73.64.

Gold price resumes its positive trading and attempts to return to the bullish channel, reinforcing the expectations of continuing the bullish trend that targets 1810.00 as a next main station, reminding you that the continuation of the bullish wave requires holding above 1764.40.