The USDJPY pair continued to rise in its recent intraday trading, supported by positive signals from the relative strength indicators after offloading the previous overbought condition, as an attempt to correct the main short-term bearish trend.

However, the pair remains under negative dynamic pressure as it continues to trade below EMA50, which limits the chances of a full recovery in the near term.

The GBPUSD pair declined in its recent intraday trading after reaching 1.3640 resistance, which was a target in our previous analysis. The pair is now attempting to form a higher low that could serve as a base to help it regain the positive momentum needed to resume its recovery.

This comes while the pair continues to receive dynamic support from trading above EMA50. In the background, we can also observe the beginning of a bullish divergence forming on the relative strength indicators, after reaching deeply oversold levels, exaggerated compared to the pair’s price movement, along with the emergence of a positive crossover.

Bitcoin (BTCUSD) was fluctuating in its recent intraday trading after the stability of key resistance level at $79,300, which was a target level in previous analysis. This consolidation is pushing the price to attempt to gain new positive momentum that may enable it to breach this resistance, especially as markets remain cautious around these important technical levels.

On the other hand, the price continues to benefit from dynamic support by trading above the EMA50, which reinforces the stability of the short-term uptrend. The relative strength indicators also support this positive scenario, with emerging bullish signals after exiting oversold territory.

Crude oil price shown choppy trading in its recent intraday levels, after being held above the key support level of $98.00, which successfully halted previous losses. This stability came alongside the price finding support at the EMA50, giving it a positive push that helped it rebound quickly to the upside.

With the dominance of the short-term bullish trend, the chances of continued recovery are increasing, especially with the emergence of a positive crossover in the relative strength indicators after reaching oversold levels. These technical signals strengthen the likelihood of a continued bullish rebound, as the market watches the price’s ability to maintain its current support and capitalize on the gained positive momentum.