The (USDJPY) price declined in its last intraday trading, gathering the gains of its last rises and attempts to recover and rise again, and it is attempting to offload some of the clear overbought conditions on the (RSI), especially with the emergence of negative overlapping signals from them, amid the dominance of bullish correctional wave on the short-term basis and its trading alongside a bias line, supported by its trading above EMA50.

The (GBPUSD) price declined slightly in its last intraday trading, settling below the key resistance at 1.3670, at the same time it is under negative pressure due to its trading below EMA50, and under the dominance of bearish correctional wave on the intraday basis, besides the appearance of negative overlapping signals on the (RSI), after reaching overbought levels.

The price of Bitcoin (BTCUSD) declined in its recent intraday trading, affected by the stability of the critical resistance of $110,500, which stopped the bullish wave temporarily, this decline was an attempt to gain the required bullish momentum to breach this resistance, with the continuation of the bullish trend effect on the short-term basis, where the price moves alongside a bias line that supports the overall bullish track.

The price attempts to offload the clear overbought conditions on the (RSI), especially with the beginning of the negative signals appearance from them, opening the way for gathering the required momentum to resume the rise.

Therefore, our expectations suggest a rise in (BTCUSD) price in the upcoming intraday sessions, conditioned by breaching the mentioned resistance at $110,500 initially, and its next target is located at $112,400.

The expected trading range is between $108,400 support and $111,500 resistance.

Today’s forecast: Bullish

The (crude oil) declined in its last intraday trading, but it remains stable above the critical support at $65.55, keeping the chances for resuming the bullish moves valid in the upcoming period, this last decline comes in attempt to gain the required bullish momentum to support its potential rise, besides the continuous dynamic pressure of EMA50, reinforcing the strength of this level as an important leaning point.

The price attempts to offload its clear overbought condition on the (RSI), with the beginning of the negative signs appearing from them, opening the way for achieving more of the gains on the upcoming intraday basis.

Therefore, our expectations suggest a rise in (crude oil) prices in the upcoming intraday trading, especially if it settles above the support mentioned at $65.55, to target resistance levels at $68.00.

The expected trading range is between $64.50 support and $68.00 resistance.

Today’s forecast: Bullish