The (USDJPY) price rose in its last intraday trading, after its lean on the support of its EMA50, accompanied by testing a minor bullish trend line on the short-term basis, providing positive momentum that assisted it to achieve these last gains, especially with the beginning of the positive signals on the (RSI), after its success to offload its overbought conditions, opening the way for achieving more of the rises.

The (GBPUSD) price declined in its last trading, after it succeeded in its previous move to retest the resistance of 1.3445 and offloaded its clear oversold condition on the (RSI), to bounce lower due to the stability of this resistance, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due to its trading below EMA50, besides the beginning of the negative signals emergence on the (RSI) again, which intensifies the negative pressures around the pair.

The price of Bitcoin (BTCUSD) settled low in its last intraday trading, amid cautious attempts to gain a positive momentum that supports its recovery and resuming the bullish trend, this comes amid its attempt to offload its clear overbought conditions on the (RSI), that begin showing negative signals that might limit any potential rise.

Despite these pressures, the price remains supported by its trading above EMA50, besides the dominance of the main bullish trend on the short-term basis, with its continuation to move alongside a supportive bias line.

Therefore, our bullish scenario remains valid for the (BTCUSD) price in the upcoming intraday sessions, conditioned by the stability of the support at $116,500, targeting the current resistance levels at $120,000 preparing to attack it.

The expected trading range is between $116,500 support and $121,000 resistance.

Today’s forecast: Bullish

The (crude oil) prices settled in its last intraday trading, keeping the achieved gains in the end of yesterday’s session, in attempt to recover some of its previous losses, but these moves needs enough momentum, amid the continuation of the negative pressure that comes from the stability of the price below EMA50, besides its affection by breaking a main bullish trend on the short-term basis. 

The (RSI) indicators began showing an exaggerated overbought condition, indicating the weakness of the bullish momentum and supporting the possibilities to return to decline in its upcoming moves.

Therefore, our expectations suggest a decline in (crude oil) prices in the upcoming intraday trading, if the resistance settles at $66.00, to target the support at $64.00.

The expected trading range is between $64.00 support and $67.00 resistance.

Today’s forecast: Bearish