USDCAD rose slightly in its last intraday trading, with the beginning of forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the beginning of positive overlapping signals emergence, amid the continuation of the positive support that comes from its trading above EMA50, which reinforces the recovery chances in the upcoming near period, especially with its trading alongside minor bullish trend line on the short-term basis.

USDJPY keeps fluctuating within its recent intraday levels, attempting to gain bullish momentum that might help it to recover and resume the short-term bullish trend, especially with its trading alongside a supportive trend line for this path, besides a dynamic support due to its trading above EMA50, with the beginning of positive overlapping signals emergence on the relative strength indicators, after offloading the overbought conditions, as a strong signal for a new bullish momentum that might accelerate the recovery in the upcoming near term.

GBPUSD declined in its recent intraday trading, with the beginning of forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative signals from them, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis.

Bitcoin (BTCUSD) resumed its decline during the latest intraday trading sessions, resuming its bearish trend after limited recovery attempts, with the dominance of the sellers and the weakness of the bullish momentum.

This performance comes as Bitcoin continues to trade below EMA50, which keeps its bearish pressure on the price and limits the chances for a recovery in the near term. In addition, the price continues to move along a bullish trend line, reinforcing the short-term bearish trend. As a result, the technical outlook remains bearish, with continued selling pressure likely to drive further losses unless the price manages to break above key technical resistance levels.