The (USDJPY) deepened its losses on its last intraday trading, to continue its sharp decline after breaking bullish corrective trend line previously on short-term basis, accompanied by the continuation of the negative pressure due to its trading below EMA50, which increases the selling pressures on the pair.

The negative signals continue from relative strength indicators, despite its stability within oversold levels, indicating the strength of the current bearish momentum, and there is a possibility for the continuation of the fluctuation before any real attempt for a rebound.

GBPUSD rose in its last intraday trading, with the emergence of positive overlapping signals from relative strength indicators, after reaching exaggerated oversold levels compared to the price move, to indicate entering a new bullish momentum that might lead it to recover and rise again, amid the dominance of strong minor bullish wave on short-term basis, hitting the resistance of EMA50, to attempt to surpass its negative pressure then announce its full recovery.

Bitcoin’s price moves in tight sideways range in its last intraday trading, attempting to take a breather and offloading some of the clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there.

Despite these attempts, the main bearish trend remains dominant on short-term basis, with the continuation of the trading alongside supportive trend line for this track, besides the negative pressure due to the trading below EMA50, which increase the intense of the surrounding pressures and limits the chances of quick recovery.

Therefore, we suggest a decline in BTCUSD in its upcoming intraday trading, if the resistance settles at $71,500 to target the initial support levels at $67,000.

Expected trading range is bewteen$65,500 support and $72,000 resistance.

Today’s forecast: Bearish

Crude oil prices reinforced their gains in their last intraday trading, benefited from the continuation of its trading above EMA50, which keeps providing dynamic support that reinforces the stability and dominance of the main bullish trend on short-term basis, especially with the trading alongside supportive trend line for this track.

Accompanied by the beginning of forming positive overlapping signals on relative strength indicators, after offloading the previous overbought conditions, opening the way for the upside track continuation and expanding its gains in the near period.

Therefore, we expect crude oil to rise in upcoming intraday trading, especially if it settles above $63.50, to target $66.00 key resistance.

The expected trading range for today is between $63.00 support and $66.00 resistance.

Today’s forecast: Bullish