The GBPUSD rose in its recent intraday trading, after it  surpassed the negative pressure of the EMA50 during yesterday’s session. This comes under the dominance of the main bullish trend, the recent rise pushed the price to attack the current resistance level at 1.3010.

noticing the emergence of negative signals from (RSI), after it reached highly overbought levels, which may temporarily decelerate the pair’s ability to breach this resistance until the overbought conditions are relieved.

The (USDJPY) pair’s price continued its decline in its recent intraday trading, breaking the key support level at 144.55. This confirms the dominance of the bearish trend, accompanied with the trading along a minor trend line on the short-term. also, there are negative signals have emerged from the Relative Strength Index (RSI), despite it reaching the oversold levels.

The (USDCAD) declined in its recent intraday trading, amid a complete dominance of the bearish trend and trading along a trend line on the short- term basis. This decline comes with continued negative pressure, due to the trading below the EMA50. The recent price drop followed an attempt to alleviate some of the clear oversold conditions indicated by the Relative Strength Index (RSI), especially with the emergence of positive signals. However, the price quickly resumed its decline, indicating the dominance of this negative trend.

The AUDUSD pair moved higher in its recent intraday trading, but we notice the weakness in in the last two candles (on the 4-hour), as the price approaches the key resistance level of 0.6250, beside the emergence of negative signals from the relative strength indicators (RSI), which have reached overbought areas, increasing pressure on the pair’s upward movement. However, the pair continues to receive positive support from trading above the EMA50.