The USDJPY price declined during its recent intraday sessions, attempting to look for a higher low to use it as a base that might help it gain the required bullish momentum for its recovery, amid the continuation of the positive support that comes from its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive minor trend line for this path. With the emergence of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price action, reinforcing the chances of its recovery on the near-term basis.

GBPUSD rose in its recent intraday trading, affected by the stability of 1.3330 support, gaining bullish momentum that helps it to recover part of its previous losses, and it managed to offload its oversold conditions on the relative strength indicators, amid the dominance of bearish corrective wave on the short-term basis, affected by its exit from bullish channel’s range, besides the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of full recovery on the near-term basis.

(BTCUSD) continued to rise during its latest intraday trading, amid the ongoing dominance of the main short-term uptrend. With its latest gains, the price is attempting to break above the resistance of its EMA50, in an effort to overcome the technical pressures and continue its recovery in the coming period.

Despite the continued positive momentum, the Relative Strength Index (RSI) has begun sending negative signals after reaching extremely overbought territory. This could limit the pace of further gains or lead to some volatility and profit-taking before the bullish trend resumes.

(Crude Oil) slipped lower during its latest intraday trading, as part of a corrective move that led it to find support at its EMA50, which limited selling pressure and gave the price an opportunity to search for a higher low that could form a base for a new upward move.

The chances of recovery increase as a positive crossover begins to emerge on the relative strength indicators after reaching extremely oversold levels, to suggest forming a positive divergence that could support a return of buying momentum. With the short-term uptrend still intact, the prospects of resuming gains remain valid if the price holds above its current support.