The (USDJPY) rose in its last intraday trading, attempting to offload some of the previous losses, and attempting to offload some of the clear oversold conditions on the relative strength indicators, especially with the emergence of positive signals, amid the continuation of the negative pressure due to its trading below EMA50. Moving alongside minor bearish trendline on the short-term basis reinforces the negative pressure.
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The (GBPUSD) price declined in its last trading on the intraday levels, after reaching our last target at 1.3665, to gather the gains of its previous rises, to attempt to gain bullish momentum that might help it to breach this resistance, and it is attempting to offload the clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, accompanied by the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside supportive main and minor trendlines for this trend.
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The price of Bitcoin (BTCUSD) settled after achieving strong gains in its last intraday trading, taking advantage of the positive signals of the relative strength indicators, which helped it to approach from the critical resistance at $117,000 that represents our last suggested target in our previous analysis.
The price keeps its bullish momentum, by its stability above EMA50, providing dynamic support that reinforces the stability of the bullish correctional trend on the short-term basis, especially with the continuation of its trading alongside supportive trendline.
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The (crude oil) price declined in the last trading on the intraday levels, gathering the gains of its previous rises, attempting to gain bullish momentum by offloading some of its clear overbought conditions that appear on the relative strength indicators, which helps it to recover and rise again.
This comes due to the price affection by positive technical formation on the short-term basis (the double-bottom pattern), besides the continuation of the positive pressure due to its trading above EMA50, reinforcing the chances of extending the correctional gains on the near-term basis.
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