The (USDJPY) witnessed sharp losses in its last intraday trading, after reaching our expected target in our previous analysis at 155.65 resistance, to decline with the emergence of negative signals from relative strength indicators, after reaching overbought levels, leaning on the key support at 154.00, which is considered as key support that will detect the upcoming trend on the intraday basis.

GBPUSD rose in its last intraday trading, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, reducing the chances of full recovery on near-term basis, especially with the relative strength indicators, exaggeratedly compared to the price move, indicating a beginning of negative divergence.

Bitcoin’s price (BTCUSD) slipped lower in its recent intraday trading, and it remains under the dominance of clear selling pressures, amid its stability below EMA50, indicating the continuation of the negativity on its moves, under the dominance of the main bearish trend on short-term basis, reaching previously expected target in our previous analysis at $65,000 support.

This movement is accompanied by the emergence of negative signals from relative strength indicators, despite reaching sharp oversold levels, indicating the weakness of the overbought momentum.

Crude oil prices declined in a corrective move resembling a repositioning phase to gain fresh momentum, paving the way for a renewed upward move. This pullback occurs within a healthy framework that does not alter the overall technical structure, as the price continues trading above its EMA50, maintaining dynamic support and reinforcing the short-term bullish trend. 

A positive crossover on relative strength indicators appears after offloading the previous overbought condition, giving room to regain upward momentum. The positive outlook remains likely if the price holds its dynamic support. 

We suggest a rise in crude oil prices during upcoming intraday trading, especially above $65.35 support, targeting $67.70 resistance. 

The expected trading range for today is between $64.35 support and $67.70 resistance.

Today’s forecast: Bullish