The (USDJPY) price settled with a decline in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below its EMA50, reaching to test the main bullish trend on the short-term basis, in last attempt to gain the required positive momentum to recover and rise again, especially with the emergence of the positive signals on the (RSI), after reaching exaggerated oversold levels compared by the price move.
The (GBPUSD) price declined sharply in its last intraday trading, after its failure to breach the critical resistance level at 1.3600, attempting to gain the required bullish momentum for breaching this resistance, and it attempts to offload some of its clear overbought conditions on the (RSI) indicators, especially with the emergence of the negative signals on them. The pair is approaching from leaning on the support of its EMA50, which represents positive support in the last period.
The price of Bitcoin (BTCUSD) suffers sharp losses in its recent intraday trading, affected by breaking a negative technical pattern (the rising wedge pattern), which suggest a rebound for the downside on the short-term basis, surpassing the support of its EMA50, increasing the negative pressure on its upcoming move.
This decline came after a failed attempt to offload the oversold condition that appeared clearly on the (RSI) indicators, indicating the weakness of the bullish momentum and the buyers failure to keep the bullish trend, reinforcing the possibilities for the continuation of the bearish correction in the intraday moves.
The (crude oil) moved bullishly in its last intraday trading, breaching all the near resistance levels, supported by the rise of supply concerns in the middle east, reinforcing the appetite of the risk for the investors and pushed the price to rise.
This strong performance comes amid the continuation of the main bullish trend domination on the short-term basis, besides the price move alongside a minor and main bias line, besides the emergence of the positive signals on the (RSI), after it succeeded in offloading its overbought conditions in its previous trading, providing extra push for resuming the rise.