The GBPJPY jumps above the barrier– Forecast today – 14-5-2025

The GBPUSD price extended its gains in its recent intraday trading, to succeed to braech a minor correctional bearish bias line on the short-term basis, accompanied by surpassing the resistance of its EMA50, surpassing its negative pressure, and reinforcing the bullish track on the intraday levels, with the emergence of the positive signals on the (RSI), noticing reaching the overbought levels, which might decrease the gains temporarily due to its neediness to offload this overbought conditions.

The USDJPY price declined in its recent intraday trading, attempting to look for a rising bottom to take it as a base that might assist it to gain the required positive momentum to recover, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside bias line, supported by its continuous trading above its EMA50, besides the (RSI) reach to exaggerated oversold levels, which suggest the beginning of forming a positive divergence.

The USDCAD price declined in its recent intraday trading, with the emergence of the negative signals on the (RSI), affected by a negative technical formation that was completed in the end of the current bullish correctional wave – the double top pattern.