GBPUSD gets ready to attack critical resistance -Analysis-21-05-2025

The (USDJPY) price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below its EMA50, to break a bullish correctional trend line on the short-term basis, increasing the negative pressure on it, this comes after offloading some of the clear oversold conditions on the (RSI), opening the way towards more of the downside moves.

The (USDCAD) price continued the decline in its last intraday trading, affected by breaking a bullish correctional trend line on the short-term basis, suffering from the negative pressure due to its trading below its EMA50, preparing to break the critical support at 1.3900, which increases its negative pressure when breaking it, besides the emergence of the negative signals on the (RSI), despite reaching oversold levels.

The (AUDUSD) price rose in its last intraday trading, getting rid of the negative pressure of the EMA50, to attack its current resistance at 0.6435, supported by the emergence of the positive signals on the (RSI), amid the sideways trend domination on the short-term basis.