The (USDJPY) rose in its last intraday trading, amid its trading alongside a main bullish trend on the short-term basis, with the emergence of the positive signals on the (RSI), after its success in its previous trading in offloading its overbought conditions, opening the way for achieving more of the gains, to succeed in its intraday trading in surpassing the resistance of EMA50, to get rid of its negative pressure and reinforce the chances for extending the rise.
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The (GBPUSD) price declined in its last intraday trading, due to the negative pressure after hitting the resistance of EMA50, attempting to gain bullish momentum that might help it to get rid of the negative pressure, amid the dominance of minor bullish wave on the short-term basis and its trading alongside a supportive bias line for this trend, with the emergence of the positive signals on the (RSI).
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The price of Bitcoin (BTCUSD) declined in its last intraday trading, after its attempts in its early trading to recover some of the previous losses, supported by positive signals from the (RSI), but the price reached the critical resistance level at $112,000 which put it under negative pressure due to the stability of this resistance.
This decline comes amid the continuation of the selling pressure due to trading below EMA50, and the main bearish trend remains dominant on a short-term basis, where it moves alongside a supportive bias line for this bearish trend.
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The (crude oil) price continued its decline in the last intraday trading, attempting to look for a rising low that might form a new base for a rise that reinforces the recovery chances, leaning on the support of EMA50, and the bullish correctional wave remains the dominant on the short-term basis.
At the same time, the (RSI) reached sharp oversold levels, reinforcing the possibilities to begin forming positive divergence, with the emergence of bullish overlapping signals, which eases the way for the return to the positive track soon.
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