The (USDJPY) continued the decline in its last intraday trading, amid the emergence of negative signals on the relative strength indicators, despite reaching oversold levels, which forced the price to settle below 156.20, to surpass the EMA50’s support, which might intensify the negative pressures, pushing it to record more losses on a near-term basis.

GBPUSD soared sharply in its last trading in the intraday trading, breaching the key resistance at1.3350, which represents our expected target in our previous analysis, supported by its continued trading above EMA50, reinforcing the dominance and stability of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains. 

Bitcoin’s price slipped lower in its last intraday trading, affected by the stability of the key resistance at $94,000, which puts the price under increased negative pressure, reinforcing the emergence of negative signals on the relative strength indicators, after forming clear negative divergence, which increased the technical weakness and pushed the price to break EMA50’s support.

Despite this clear decline, bitcoin keeps one positive element that is represented by the bullish corrective trend line on the short-term basis, representing the last support for keeping the movement with the temporary positive range, forming leaning point to new recovery attempts if the price keeps its stability above it

Crude oil settles with sudden strong gains in its recent intraday trading, taking advantage of the positive signals on the relative strength indicators, which helped it to recover big part of its previous losses and stabilize. This temporary positive momentum shows the attempts of the price to regain some strength despite the surrounding pressures.

The negative pressures remain valid, due to the continuation of the trading below EMA50, which limits the chances of full recovery on the short-term basis, especially with the dominance of the main bearish trend on the short-term trading, and the trading alongside trend line confirms this bearish track.