The USDJPY pair extended its cautious gains in its latest intraday trading, as it tries to recover part of its previous losses. At the same time, the pair is attempting to relieve some of its clear oversold condition on the relative strength indicators, with the emergence of positive signals from the indicator.

However, the pair remains affected by breaking a main upward trendline in the short term, along with continued negative pressure due to trading below EMA50, which reduces the chances of a full recovery in the near term.

The GBPUSD pair declined during its recent intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to resume its strong gains in the upcoming near period, attempting offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, affected by breaching main bearish trend on short-term basis, with a dynamic support that is represented by breaching main bearish trend line on the short-term basis, with a dynamic support that is represented by its trading above EMA50, which reinforces the chances of the rise.

Bitcoin (BTCUSD) price rose during its latest intraday trading, due to the stability of the support level at $69,000, which had previously been a price target in our earlier analysis. Providing positive momentum, allowing it to recover part of its previous losses. The price managed to ease oversold conditions on the relative strength indicators.

However, negative pressures remain due to trading below EMA50, limiting the chances of a sustained recovery in the near term. Due to the effect of exiting a short-term bullish channel, which weakens positive momentum and increases the likelihood of continued volatility or further negative pressure in the coming period.

Therefore, we expect a decline in Bitcoin price in the upcoming intraday trading, if the resistance settles at $71,500, targeting the mentioned support at $69,000.

Expected trading range is bewteen$69,000 support and $71,500 resistance.

Today’s forecast: Bearish

Crude Oil prices settle lower during their latest intraday trading, stabilizing at the support of EMA50. This comes as an attempt to gain positive momentum that could support a recovery and a return to upward movement. This occurs amid the continued dominance of the main bullish trend in the short term, with the price moving along a supporting trendline, which enhances the chances of regaining positive momentum in the coming period.

In the background, we notice that the relative strength indicators has reached sharply oversold levels compared to price movement, which may support the likelihood of a bullish rebound in the near term.

Based on this, our outlook leans toward a rise in crude oil prices in the upcoming intraday trading, conditioned by the stability of $92.00 support, targeting the resistance level at $100.00.

The expected trading range for today is between $90.00 support and $100.00 resistance.

Today’s forecast: Bullish