The USDJPY pair declined in its latest intraday trading as negative signals began emerging from the relative strength indicators after reaching overbought territory, leaning at EMA50’s support, in a final attempt to gain positive momentum that could help it recover and resume its upward movement, amid the dominance of the main short-term bullish trend.
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The GBPUSD pair rose in its latest intraday trading, attempting to break through the 1.3475 resistance level, amid the dominance of a short-term bullish corrective trend, with the pair moving alongside a supporting trend line. It is also benefiting from continued positive pressure as it trades above EMA50.
MoreBitcoin (BTCUSD) continues to hold on to its consecutive gains in its latest intraday trading, benefiting from a positive technical pattern that formed earlier over the short term, namely a Double Bottom pattern. This bullish outlook is further supported by the price continuing to trade above EMA50, which provides a dynamic support base and reinforces the chances of resuming its gains in the coming period.
MoreCrude oil extended its sharp losses in its latest intraday trading after breaking below the $91.00 support level, which represented our final price target in previous analysis. The decline subsequently brought the price down to the pivotal support level at $86.50, amid the dominance of a steep short-term bearish wave, alongside continued negative pressure as the price trades below EMA50.
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