The USDJPY pair continues to fluctuate at 103.65 level, and the price falls under the negative pressure formed by the EMA50, while stochastic begins overlapping negatively now.

Therefore, these factors support the chances of breaking the above mentioned level to open the way to head towards 103.00 as a next negative station, noting that breaching 104.20 will stop the expected decline and push the price to achieve intraday gains that reach 105.20 before any new attempt to decline.

The expected trading range for today is between 103.00 support and 104.30 resistance

The expected trend for today: Bearish

The GBPUSD pair opens today’s trading with strong rise to reach the bullish channel’s resistance line that appears on the chart, which hints the price head to achieve more potential gains in the upcoming sessions and stopping the recently suggested negative scenario, supported by the EMA50, but it needs to surpass 1.3335 to confirm the continuation of the rise.

Now, we prefer staying aside until we get clearer signal for the next trend, which we will get through breaching 1.3335 resistance or breaking 1.3270 support, noting that breaking the mentioned resistance will lead the price to continue the rise and achieve positive targets that reach 1.3482, while breaking the support will press on the price to start bearish correction that targets visiting 1.3190 followed by 1.3105 areas before any new attempt to rise.

The expected trading range for today is between 1.3230 support and 1.3400 resistance.

The expected trend for today: Neutral

The EURUSD pair begins today’s trading with bullish bias in attempt to move away from the intraday bullish channel’s support line, noticing that stochastic provides positive overlapping signal now, which forms good positive motive that supports the expectations of continuing the bullish trend in the upcoming sessions, which targets 1.2011 as a next main station.

Therefore, we are waiting for more rise on the intraday and short term basis, noting that breaking 1.1830 will stop the suggested rise and press on the price to visit 1.1720 areas before any new attempt to rise.

The expected trading range for today is between 1.1800 support and 1.1970 resistance.

The expected trend for today: Bullish

Gold price trades positively to start testing 1875.00 barrier, which breaching it represents the key to rally to achieve the first waited positive target at 1901.80, to keep our bullish overview that depends on the price stability above 1860.90, noting that we might witness some sideways fluctuation until we get positive momentum that assists to push the price to achieve the waited gains.