The GBPUSD price rose during its recent intraday trading, after witnessing slight rebound in previous moves, to gain profit and easing the clear overbought conditions shown by the Relative Strength Index (RSI). This healthy technical correction has restored positive momentum to the pair, allowing it to start recovering and moving upward confidently, supported by strong technical factors.

The pair is moving within a primary short-term uptrend along a trendline, with continued positive support, due to its trading above the EMA50.

The USDJPY pair began the week’s trading with a sharp decline on the intraday levels, approaching from breaking of the current support level at 142.25. This comes amid continued dominance of the bearish trend in the short-term basis, beside its move along a minor trend line. This decline also followed the pair exiting an overbought condition that was previously clear on the Relative Strength Index (RSI) indicators, which paved the way for a new bullish wave as the positive momentum has vanished.

The USDCAD pair’s price has declined in its latest intraday trading, and the pair is preparing to break the support level at 1.3860. This decline has been driven by renewing the selling pressure after the pair had previously managed to absorb the oversold conditions that were obvious in the Relative Strength Index (RSI) indicators. This comes amid the dominance of the main bearish trend and trading near a downward trendline, the continued trading below the EMA50 weakens the price action.

The (AUDUSD) rose in a fluctuated trading on the intraday level, amid a strong domination by a short-term minor bullish wave. supported by pair’s continuous trading above the EMA50. Noticing the return of positive signals from the Relative Strength Index (RSI), after the pair successfully alleviated its previous overbought condition, paving the way for gathering positive momentum.