The GBPUSD declined in its last intraday trading, to gather the gains of its previous rise, attempting to gain positive momentum, by offloading some of its clear overbought conditions on the (RSI), besides the negative signals that appear at this moment.
Amid the dominance of the main bullish trend and the trading alongside minor trendline on the short -term basis, which strengthens this trend, especially with the continuation of the positive support from moving above EMA50.
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The USDJPY witnessed limited sideways range trading on the intraday levels, settled by the stability of the current support at 140.70, which helped it to steadfast and attempt to offload the appear oversold conditions on the (RSI), it made it due to the (RSI) reach exaggerated overbought levels compared to the limited move of the price.
Amid the dominance of the main bearish trend on the, and its trading alongside minor trendline on the short-term basis, reinforcing the negative scenario.
The USDCAD declined slightly in its recent trading on the intraday levels, before retesting the key resistance at 1.3850, and the stability of this resistance led the price to rebound, especially after the beginning of the emergence of negative overlapping signals on the (RSI), then reaching the overbought levels, exaggeratedly compared with the price movement, which suggest the beginning of forming negative divergence, which will increase the negative pressures.
Amid the dominance of the main bearish trend on the short term basis, and its trading alongside the trendline, beside the continuation of the negative pressure due to its trading below the EMA50.