GBPUSD price is preparing to break our expected target- Analysis- 05-02-2026

Bitcoin’s price kept declining during its last intraday trading, breaking the key support of $74,000, which represents potential target in our previous analysis, this break reinforced the strength of the selling pressure and pushed the price to record new losses with the acceleration of the negative momentum on short-term basis.

Crude oil prices declined in their last intraday trading, in natural corrective move to take breather, as the price is attempting to gain bullish momentum that might help it to recover and return to the upside again, accompanied by the attempts of relative strength indicators to offload its overbought conditions, especially with the emergence of negative signals from there, which explains the current fluctuation.

Silver prices (SILVER) slipped lower in their recent intraday trading, after the failure to breach the key resistance at $90.00, which turned into selling pressure that pushed the price to decline, reaching our expected target in our previous analysis at $81.30 support.