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USDJPY Breaks Previous Target and Extends Gains – Analysis – 03-06-2026

Economies.com
2026-06-03 01:17AM UTC

USDJPY continued its upward movement during recent intraday trading, breaking above the 159.80 resistance level, which was our previous target. The pair remains supported by a short-term bullish corrective trend and continues to trade above EMA50, reinforcing positive momentum.

 

However, relative strength indicators are beginning to show a bearish crossover after reaching overbought levels, raising the possibility of limited corrective pullbacks and profit-taking activity.

 

 

 

GBPUSD is Leaning At its Simple Moving Average – Analysis – 03-06-2026

Economies.com
2026-06-03 01:11AM UTC

 

GBPUSD fluctuated within a narrow range during recent intraday sessions as relative strength indicators continued to issue negative signals after reaching overbought levels. The pair appears to be easing this condition in an attempt to regain positive momentum.

 

The pair is currently supported by EMA50, which strengthens the chances of a renewed upward move, especially as prices continue to trade along a short-term ascending trendline.

 

 

Bitcoin Price Ignores Positive Signals and keeps Declining – Analysis – 03-06-2026

Economies.com
2026-06-03 01:08AM UTC

Bitcoin (BTCUSD) continued to decline during recent intraday trading, breaking below the $68,000 support level, which represented our previous downside target. This move highlights persistent selling pressure and continued market weakness.

 

The short-term trend remains firmly bearish, with the price trading below EMA50, reinforcing the negative outlook. Although the relative strength indicators have started to show positive signals after reaching deeply oversold levels, these signals have so far failed to trigger a meaningful rebound, reflecting the strength of the current bearish momentum.

 

 

Crude Oil Breaks Short-Term Bearish Trend Line – Analysis – 03-06-2026

Economies.com
2026-06-03 01:04AM UTC

Crude Oil rose strongly in recent intraday trading, supported by positive Relative Strength Indicators and continued trading above EMA50, which provided additional bullish momentum.

 

The price also succeeded in breaking a short-term corrective downtrend line, a positive technical signal that reflects stronger buying interest and weaker selling pressure. These factors improve the outlook for further gains in the near term.