The (USDJPY) declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, which led it to break main bullish trend line on the short-term basis, intensifying the negative pressures, especially with the negative signals on the relative strength indicators, opening the way for recording more losses on the near-term basis.
GBPUSD declined in its last intraday trading, amid the emergence of negative signals on relative strength indicators after reaching overbought levels. The pair kept looking for rising low to use it as a base that may help it to gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EM5A0, reinforcing the chances of a recovery on the near-term basis, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trend line.
Bitcoin’s price declined in its last intraday trading, affected by the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, reaching the key support at $85,500, which represents expected target in our previous analysis, indicating the continuation of the selling pressures on the short-term basis.
This decline comes amid the continuation of the negative pressure due to its trading below EMA50, affected by breaking bullish corrective trend line on a short-term basis, reinforcing the likelihoods of breaking the current support and opening the way for more intraday declines.
Crude oil continued its decline in its recent intraday trading, to reach $56.40 key support, which represents potential target in our previous analysis, to become threatened by breaking this support, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the main bearish trend and its trading alongside supportive minor trend line for this track.
On the other hand, we notice the emergence of negative signals on the relative strength indicators, despite reaching oversold levels that may help to reduce the losses temporarily on a near-term basis, pushing the price to settle on the intraday basis before detecting its upcoming trend.