The (USDJPY) kept rising on its last intraday levels, affected by breaching 157.70 key resistance, taking advantage of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend and its trading alongside minor trend line on the short-term basis, besides the emergence of positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on the near-term basis.
GBPUSD rose in its last intraday trading, reaching the current resistance of 1.3475, accompanied by the price attempt to surpass the negative pressure of the EMA50, announcing its full recovery on the near-term basis, amid the dominance of the main bullish trend on the short-term basis, on the other hand, we notice the emergence of negative signals from the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, which may obstruct extending its gains in the upcoming period.
Bitcoin’s price fluctuated on its last intraday levels, amid its continued attempts to gain bullish momentum that might help it to get rid of the negative pressure of EMA50, paving the way for clearer recovery on the near-term basis, after sideways range trading.
Accompanied by the dominance of the main bullish trend on the short-term basis, with the trading alongside supportive trend, supported by the emergence of the positive signals from the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, reinforcing the return of the bullish momentum in the upcoming period.
Crude oil price settles on strong gains in its last intraday trading, taking advantage of the positive signals from the relative strength indicators, after exiting the oversold levels, which helped to reinforce the bullish momentum, indicating the price attempts to settle above its last levels after clear bullish wave.
This comes amid the continuation of the dynamic support that comes from the trading above EMA50, reinforcing the strength and stability of the dominant bullish wave on short-term basis, and supports the chances of the gain’s continuation in the upcoming period.