The (USDJPY) price declined in its last intraday trading, in attempt to gain a positive momentum that might assist it to rise again, especially with the continuation of the dynamic support that is represented by its trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis alongside a bias line, besides the beginning of the positive signals appearance on the (RSI), after entering oversold levels, which increases the positive momentum around the pair.
The (GBPUSD) price continued its decline in its last intraday trading, after offloading its clear oversold conditions on the (RSI) in its previous trading with the beginning of negative signals appearance on them, which opens the way for recording more declines, to break the current support level at 1.3410, amid its affection by breaking a main bullish trend on the short-term basis, with the continuation of the negative pressure due to its trading below its EMA50, reinforcing the negative scenario around the price.
The price of Bitcoin (BTCUSD) declined in its recent intraday trading, affected by the negative pressure that comes from its trading below its EMA50, which reflects weakness in the bullish momentum on the short-term basis.
Despite this decline, the price remains moving with the main bullish trend alongside a bias line, indicates the possibility to keep its overall bullish momentum, especially with the continuation of its attempts to look for a higher low to be a new rising point, reinforced by the optimistic signs that come from the (RSI), with the emergence of the positive signals from there, supporting a near rebound and resuming the bullish track.
The (crude oil) witnessed fluctuated trading in its last intraday trading, amid the continuation of the main bullish trend on the short-term basis, which appears by the price move within main and minor bias lines, besides the continuation to trade above its EMA50, providing continued technical support.
On the other hand, there is weakness in the bullish momentum, due to the emergence of the negative signals on the (RSI), after reaching clear overbought levels, which led to fluctuated trading, where the price attempts to offload this overbought condition and gather its strength again to return to its bullish wave, getting stability and support from the technical momentum.