The (USDJPY) settles on gains in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, after reaching oversold levels, to offload this oversold conditions to retest the key resistance at 154.45, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of steep minor bearish wave on short-term basis.
GBPUSD rose in its last trading on intraday basis, preparing to reach our expected target in our previous analysis at 1.3700 resistance, after its rebound from there due to its stability, to gain some bullish momentum and offloading some of the clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the dominance of the main bullish trend on short-term basis, with its trading alongside trend line, besides continuing the dynamic support that is represented by its trading above EMA50, to reinforce the chances of extending its gains on the near-term basis.
Bitcoin’s price rose during its last intraday trading, however it remains under clear negative pressures, amid its trading below EMA50, reinforcing the dominance of the bearish trend on short-term basis, accompanied by the trading alongside supportive trend line, reducing the chances of sustainable rising attempts.
Noticing the emergence of negative overlapping signals from relative strength indicators, after reaching exaggerated overbought levels, indicating the beginning of forming negative divergence that might intensify the strength of the negative pressures in the upcoming near period.
Crude oil prices declined in their last intraday trading, attempting to look for higher low to take it as technical base that might help it to gain the required bullish momentum for its recovery. This decline led the price to lean on its EMA50’s support, amid the continuation of the main bullish trend dominance on short-term basis, with its trading alongside minor trend line that supports this trend.
Meanwhile the relative strength indicators had reached exaggerated oversold levels, to reinforce forming positive divergence, with the issuance of positive overlapping signals, which might pave the way for a bullish rebound in its upcoming trading.