GBPUSD declined in its recent intraday trading, to attempt to look for a higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for this track, with a dynamic positive support that is represented by its trading above EMA50, reinforcing the chances of a recovery in the near upcoming period, especially with the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels.

Bitcoin (BTCUSD) rose slightly in its latest intraday trading, supported by the stability of the $63,000 level, which provided a solid base for a positive rebound. At the same time, the relative strength indicators started to generate bullish signals after easing their previous overbought conditions, helping restore upside momentum.

The price continues to trade above EMA50, which acts as dynamic support and reinforces the short-term corrective uptrend, and it moves alongside supportive trend line for this path, which supports a potential rise and targeting higher resistance levels.

Crude oil continued to rise in its last intraday trading, supported by trading above EMA50 after overcoming earlier selling pressure, the short-term corrective bullish wave regained control of price action.

Despite the positive momentum, the relative strength indicators started to show a bearish crossover after reaching heavily overbought levels, signaling that bullish momentum may be fading and limiting the potential for further gains in the near term. Therefore, the bullish outlook remains valid if current support levels hold and buying momentum persists.

Silver declined in its latest intraday trading, leaning on EMA50’s support, while testing the key support level of $60.00, which was our previous expected target, as the price attempts to settle against the selling pressures.

The technical outlook remains bearish, with the continuation of the main short-term bearish trend, and the relative strength indicators started to generate fresh bearish signals after easing its oversold conditions, increasing the likelihood of renewed selling pressure and further losses unless the current support level holds.