USDCAD gets ready to break its current support -Analysis-23-05-2025

The (USDJPY) price declined in its last intraday trading, amid the dominance of the bearish trend and it’s trading alongside a minor bias line on the short-term basis, with the continuation of the negative pressure due to its trading below the EMA50, beside the emergence of negative overlapping signals on the (RSI), after reaching exaggerated overbought levels compared by the price move, which suggest forming a negative divergence.

The (GBPUSD) price rose in its last intraday trading, preparing to attack the stubborn critical resistance level at 1.3440, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure due to its trading above its EMA50, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.

The (Crude oil) price declined in its last intraday trading, affected by surpassing a bullish correctional channel that was supporting its previous moves on a short-term basis, which increased the selling pressure on the price.