The USDJPY pair begins today’s trading with bullish bias after leaning on the EMA50, to support the expectations of continuing the main bullish bias, which depends on holding above 124.20 level, noticing that stochastic is negative now, which might push the price for some temporary sideways fluctuation before resuming the rise.

Our next main target is located at 125.84, which breaching it represents the key to extend the pair’s gains to reach 127.00 areas.

Expected trading range for today is between 124.00 support and 125.85 resistance.

Expected trend for today: Bullish

The GBPUSD pair traded with clear positivity yesterday to approach from the key resistance 1.5645, finding good resistance formed by the previously broken support line that appears on chart, besides that stochastic is very negative and might force the price to test the key support at 1.5470.

Until now, we are still waiting to surpass one of the above mentioned levels to detect the next targets clearly, which makes us continue with our neutrality until we get clearer trend confirmation signal, reminding you that breaching 1.5645 resistance will push the price to achieve positive targets that start at 1.5750 followed by 1.5925, while breaking the support represents negative factor that will push the price to visit 1.5360 followed by 1.5188 levels on the near term basis.

Expected trading range for today is between 1.5400 support and 1.5700 resistance.

Expected trend for today: Neutral

The EURUSD pair ended yesterday’s trading above 1.0990 level, but it opens today with clear bearish bias to move below this level, which puts the price under the negative pressure again, to keep the bearish trend scenario valid until now, supported by stochastic clear negativity that appears on the four hours’ time frame.

Therefore, we will wait to test 1.0880 level initially, reminding you that breaking this level will push the price towards 1.0740 mainly, while we will continue to suggest the bearish trend unless breaching 1.0990 level and holding above it again.

Expected trading range for today is between 1.0800 support and 1.1040 resistance.

Expected trend for today: Bearish

Gold price traded with clear positivity to breach the bearish pennant pattern mentioned in our major technical reports, which cancels the effect of this pattern and hints stopping the expected bearish bias on the intraday and short term basis, noting that breaching 1105.00 level and holding with a daily close above it will confirm continuing the rise in the upcoming sessions.