The (USDJPY) price declined in its last intraday trading, in attempt to gain a positive momentum that might assist it to recover and rise again, attempting at the same time to offload its overbought conditions on the (RSI), especially with the emergence of the negative signals, this comes amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the main bullish trend on the short-term basis and its trading alongside a bias line.
The (GBPUSD) price extended its gains in its last intraday trading, retesting the critical resistance at 1.3475, as strong attempt to recover some of its previous losses, amid its affection by breaking a main bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below its EMA50, besides the reach of the (RSI) to exaggerated overbought levels, suggesting the beginning of negative divergence especially with the emergence of negative overlapping signals, indicating a quick lost for the positive momentum and suggest a near reverse for the trading.
The price of Bitcoin (BTCUSD) rose in its recent intraday trading, completing its sideways range trading within a tight range, attempting to detect its upcoming trend, amid the balance between the buying and selling strength on a short-term basis.
Despite the continuation of the negative pressure that comes from its trading below EMA50, the main trend remains bullish supported by the trading alongside a bias line on the short-term basis, providing continued technical support, noticing the beginning of forming positive overlapping signals on the (RSI), after the price success in offloading the overbought conditions, indicating the possibility of regaining positive momentum and entering a new bullish wave by the stability of the current support.
The (crude oil) declined in its last intraday trading, after reaching our target at the critical resistance of $75.00, showing a strong stability against the attempts to rise, which pushed the price to decline in a correctional move to offload the clear overbought conditions on the (RSI), especially with the emergence of negative overlapping signals on these indicators.
This decline comes within a main bullish track that remains dominating the price moves on the short-term basis, supported by its trading alongside main and minor bias lines, besides its stability above EMA50, so any current decline might represent a chance of regaining positive momentum, easing the attempt for a new rise.