The USDJPY pair resumes its positive trading clearly to approach our waited target at 110.30, moving inside a bullish channel that supports the chances of achieving more gains on the intraday and short-term basis, to extend the positive targets and reach 111.00 as a next main station.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 109.20 and holding below it.

The expected trading range for today is between 109.40 support and 110.70 resistance

The expected trend for today: Bullish

The GBPUSD pair managed to end yesterday below the bullish channel’s support line after the positive attempts that it witnessed in the previous sessions, which keeps our bearish overview valid and active, waiting to head towards 1.3675 followed by 1.3580 levels as next main stations.

The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 1.3820 and holding above it.

The expected trading range for today is between 1.3690 support and 1.3860 resistance.

The expected trend for today: Bearish

The EURUSD pair managed to close the daily candlestick below 1.1780, to confirm the continuation of the expected bearish trend scenario for the upcoming period, which targets 1.1700 as a next main station.

The EMA50 continues to support the bearish wave that moves organized inside the bearish channel that appears on the chart, noting that breaching 1.1780 followed by 1.1825 levels will stop the suggested decline and lead the price to turn to rise.

The expected trading range for today is between 1.1680 support and 1.1830 resistance.

The expected trend for today: Bearish

Gold price traded with strong negativity to break 1720.00 and head towards activating the negative scenario in the upcoming sessions, on its way to achieve negative targets that start at 1700.00 followed by 1692.00, taking into consideration that the continuation of the decline conditions holding below 1720.00.