The USDJPY pair managed to breach the bullish channel’s resistance and moves above 107.00 barrier now, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, waiting to visit 107.65 that represents our next positive station.

The EMA50 continues to support the suggested bullish wave, which its continuation conditions holding above 106.44.

The expected trading range for today is between 106.45 support and 107.70 resistance

The expected trend for today: Bullish

The GBPUSD pair bounced downwards clearly after testing 1.4000 barrier yesterday, to start pressing on the minor bullish channel’s support line that appears on the chart, which hints the price head to resume the recently suggested negative scenario, affected by the formation of the head and shoulders’ pattern.

Therefore, all we need is to break 1.3910 to confirm rallying towards 1.3775 followed by 1.3665 as main negative targets, taking into consideration that the continuation of the expected decline requires holding below 1.4000.

The expected trading range for today is between 1.3840 support and 1.4000 resistance.

The expected trend for today: Bearish

The EURUSD pair succeeded to break 1.2064 level and close the daily candlestick below it, which reinforce the expectations of continuing the bearish trend in the upcoming sessions, paving the way to head towards 1.1976 that represents our next main target.

The EMA50 continues to support the expected bearish wave, which will remain valid conditioned by the price stability below 1.2064 and the most important below 1.2100.

The expected trading range for today is between 1.1950 support and 1.2110 resistance.

The expected trend for today: Bearish

Gold price broke 1720.00 level and settles below it now, to reinforce the chances of continuing the decline in the upcoming sessions, noting that the price needs to get a daily close below the mentioned level to activate the negative scenario that its next main target located at 1692.00.