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USDJPY Breaks Previous Target and Extends Gains – Analysis – 03-06-2026
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
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.
MoreBitcoin Price Ignores Positive Signals and keeps Declining – Analysis – 03-06-2026
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.
MoreCrude Oil Breaks Short-Term Bearish Trend Line – Analysis – 03-06-2026
Crude Oil rose strongly in recent intraday trading, supported by positive Relative Strength Indicators and continued trading above EMA50, which provided additional bullish momentum.
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