The USDJPY pair is witnessing volatile trading in its latest intraday movements, attempting to gain the positive momentum needed to challenge the current resistance at 159.80, due to the emergence of positive signals from the relative strength indicators after offloading the overbought conditions, opening the way for a rise in the near term.
This comes amid continued positive pressure from trading above EMA50, which acts as a dynamic support base, reinforcing the dominance and stability of the main short-term bullish trend.
Thanks for your feedback.
The GBPUSD pair continues to post consecutive losses in its latest intraday trading, amid the dominance of a steeply bearish minor wave, alongside continued negative pressure from trading below EMA50, which acts as dynamic resistance and increases the likelihood of further losses in the near term.
MoreBitcoin (BTCUSD) deepened its losses during its latest intraday trading, approaching $70,000 support level, which was our last projected target in previous analysis. This comes amid the complete dominance of the main short-term downtrend, with prices moving alongside a minor trend line supporting this bearish path, in addition to continued negative pressure from trading below EMA50, which acts as dynamic resistance and increases the likelihood of further losses in the near term.
MoreCrude oil price holds at high levels, posting a series of consecutive gains in their latest intraday trading, driven by positive signals from the relative strength indicators, attempting to correct the main short-term bearish trend, despite continued negative pressure from trading below EMA50, which acts as dynamic resistance, limiting the chances of extending these gains in the near term.
More