EUR/USD

Current level – 1.2605

During the past trading session, the dollar gained against the pound, with the pair heading towards the support level at 1.2573. If the bear attack continues, a breach of the aforementioned level is possible, with the next target being 1.2497. Otherwise, if the bulls enter the market, the rate is likely to head towards the resistance level at 1.2666.

USD/JPY

Current level – 135.27

The consolidation around the support level at 135.04 continued during the past trading session, with the bulls now having a slight advantage over the bears. If their attack continues, it is possible that the breach of the aforementioned support could be confirmed, with the next target being the level at 137.75. Otherwise, if the bears enter the market, we will likely see a correction to the support level at 133.23.

GBP/USD

Current level – 1.2605

During the past trading session, the dollar gained against the pound, with the pair heading towards the support level at 1.2573. If the bear attack continues, a breach of the aforementioned level is possible, with the next target being 1.2497. Otherwise, if the bulls enter the market, the rate is likely to head towards the resistance level at 1.2666.

Midday update for Gold

Gold prices didn’t show any strong move since morning, to continue fluctuating around 2020.00, thus, no change to the expected bullish trend scenario for today, which depends on the price stability above 2002.00, supported by the EMA50 that carries the price from below, reminding you that our targets begin at 2048.70 and extend to 2075.25 after surpassing the previous level.

The expected trading range for today is between 2007.00 support and 2045.00 resistance.

The expected trend for today: Bullish