The USDJPY pair provided positive trades yesterday but it bounced downwards strongly to break 105.20 level and settles below it, which stops the recently suggested positive scenario and push the price to turn to decline, on its way to achieve negative targets that start at 104.40 and extend to 103.65.

Therefore, the bearish bias will be expected for today, supported by the completion of the double top pattern that its signs appear on the chart, noting that the continuation of the expected decline requires holding below 105.20.

The expected trading range for today is between 104.40 support and 105.50 resistance

The expected trend for today: Bearish

The EURUSD pair settles at our first target at 1.2173, facing good resistance there, supported by stochastic negativity, waiting to get enough positive momentum to push the price to surpass the mentioned level and confirm extending the bullish wave towards 1.2300 as a next target.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1.2064.

The expected trading range for today is between 1.2100 support and 1.2260 resistance.

The expected trend for today: Bullish

Crude oil price succeeded to breach 60.30 level and settled above it, to get good positive motive that supports the expectations of continuing the bullish trend, and the way is open to visit 62.00 that represents our next main target, noting that holding above 60.30 represents the first condition to continue the suggested bullish wave.

Gold price keeps achieving gains to approach 1811.00 level, which urges caution from the upcoming trading, as the stability of this level against the bullish rally will push the price to decline again and resume the bearish trend that its main targets begin at 1765.00 followed by 1740.00, while breaching it will lead the price to turn to rise and achieve new gains on the short term and medium term basis.