The (USDJPY) declined in its last intraday trading, due to the stability of the key and solid resistance level at 148.00, attempting to gain bullish momentum that might help to breach it in the future, amid the continuation of the positive pressure due to its trading above EMA50, reinforcing the chances of the price recovery, especially with the relative strength indicators reaching oversold levels, exaggeratedly compared to the price move, which suggest forming positive divergence.
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The (GBPUSD) price rose in its last intraday trading, after its lean on the support of main bullish trend line on the short-term basis, gaining bullish momentum that helped it to achieve these gains, supported by the emergence of the positive signals on the relative strength indicators.
On the other hand, the negative pressure due to the trading below EMA50 continues, with the relative strength indicators reaching overbought levels, exaggeratedly compared to the price move, suggesting the beginning of forming negative divergence, which might intensify the negative pressure.
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The (BTCUSD) declined in its last intraday trading, preparing to break the current support at $112,000. This support was our target in our previous analysis, providing positive momentum that assisted it to settle on an intraday basis, witnessing fluctuated moves, these moves helped it to offload its clear oversold conditions on the relative strength indicators.
Opening the way for recording more of the losses on a near-term basis, affected by exiting bullish correctional channel’s range that limited its previous trading on a short-term basis.
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The (crude oil) price declined clearly in its last trading on the intraday levels, after offloading its clear oversold levels on the relative strength indicators, which put it under negative pressure.
This decline comes with the continuation of its trading below EMA50, reinforcing the dominance of the main bearish trend on a short-term basis.
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