The (USDJPY) continued the rise in its last intraday trading, after breaching 156.50 resistance, which represents our target in our previous analysis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, which reinforces the dominance and stability of the main bullish trend on the short-term basis, especially with its trading alongside trendline, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
The (GBPUSD) price kept declining in its last intraday trading, affected by negative technical formation that formed on the short-term basis ( the falling wedge patter), which formed during a bullish corrective wave, to end any chance for a sustainable recovery on the near-term basis, especially with the continuation of the negative pressure due to its trading below EMA50, despite reaching oversold levels.
Bitcoin (BTCUSD) rose in its last intraday trading, benefiting from stability at the $90,000 support to recover part of previous losses after a sharp bearish wave. This rebound gains bullish momentum with early positive signals on relative strength indicators, reflecting improved near-term buying appetite.
Despite this limited recovery, the price stays under negative pressure below EMA50, confirming short-term bearish dominance, with movement along a bearish trendline restricting any upward attempts unless the price surpasses nearby resistance.
Crude oil prices rose in their last intraday trading, in attempt to recover some of its previous losses, taking advantage of its attempt to offload the clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals that support the price move on the near-term basis, this intraday improvement shows that the price is taking a breather after the last bearish wave.
Despite these attempts, the price remains under continuous negative pressure due to its stability below EMA50, which limits its ability to achieve real recovery , this pressure continues with the effect of a negative technical pattern on the short-term basis (the rising wedge pattern), which reinforces the possibilities of facing more negative pressure.