The (USDJPY) settled in its last intraday trading, after its attempts to recover some of the last week’s losses, and attempting to offload some of its clear oversold conditions on the (RSI), especially with the emergence of positive overlapping signals, hitting the resistance of the EMA50, which put it under negative pressure, accompanied by retesting a broken main bullish trend line.
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The (GBPUSD) price declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on the (RSI), with the emergence of the negative signals from there, gathering its positive strength that might assist it to recover and rise again, to breach the current resistance at 1.3500, and surpassing the negative pressure of the EMA50, to announce its recovery and open the way for achieving mor gains.
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The price of Bitcoin (BTCUSD) slipped lower in its last intraday trading, reaching the critical support level at $112,000, providing bullish momentum and pushing it to settle on an intraday basis, in attempt to recover some of its previous losses, supported by the positive signals on the (RSI), after reaching oversold levels.
The technical overview remains preferring negativity, and the main bearish trend remains valid, and the selling pressures are dominant, the trading remains below EMA50, besides its move alongside a minor bias line that confirms the strength of the bearish track on short-term basis.
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The (crude oil) price declines slightly in the last intraday trading, after facing strong resistance at the critical resistance at $63.75, this decline represents a natural move to gather gains, while the price attempts to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals that might obstacle its recovery on an intraday basis.
Technically, the positive pressure remains the dominant, supported by its stability above the EMA50, affected by positive technical formation on the short-term basis that is represented by the double bottom pattern, reinforcing the possibilities for the bullish momentum return and breaching $63.75 in the upcoming period, unless it kept the current support levels.
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