The GBPUSD pair kept rising strongly yesterday to touch the first positive target at 1.3975 and settles near it, to confirm regaining the main bullish trend, on its way to achieve more gains that we expect to reach 1.4200 on the near-term basis.

Therefore, the bullish bias will be suggested for today, noting that breaking 1.3935 will stop the expected rise and press on the price to test 1.3820 areas initially.

The expected trading range for today is between 1.3900 support and 1.4050 resistance.

The expected trend for today: Bullish

The EURUSD pair ended yesterday above 1.2064 level, which stops the negative scenario suggested in our last report and leads the price to resume the main bullish trend, on its way to achieve positive targets that start at 1.2173.

The EMA50 forms good intraday resistance at 1.2090, and the price needs to surpass this resistance to ease the mission of heading towards the waited targets, noting that the continuation of the bullish wave requires holding above 1.2064.

The expected trading range for today is between 1.2000 support and 1.2180 resistance.

The expected trend for today: Bullish

Crude oil price faces additional negative pressure to approach the intraday bullish channel’s support line, and as we mentioned in our major reports, the price needs to hold above 59.75 to keep the bullish trend scenario active, reminding you that our next main target is located at 63.35.

Gold price resumed its negative trading after testing 1785.00 level, to keep the bearish trend scenario active for the upcoming period, as it approached our first waited target at 1765.00, and we expect the continuation of the bearish bias to visit 1740.00 as a next station, noting that holding below 1785.00 represents the first condition to achieve the suggested targets.