USDJPY declined in its last intraday trading, with the continuation of the negative signals’ emergence on the relative strength indicators, despite reaching oversold levels, as a signal for the continuation of the selling pressures.

This decline accompanied by breaking EMA50, which turned into a dynamic resistance that intensified the negative pressures, increasing the likelihoods of deepening the corrective losses in the near upcoming period, this negative overview will be preferred by confirming the near support levels, opening the way for more downside moves towards lower levels.

GBPUSD rose in its recent intraday trading, approaching the resistance level at 1.3440, which was our previous expected targets, after offloading its overbought conditions on the relative strength indicators, with the emergence of positive crossover, opening the way for targeting new resistance levels, especially with the dominance of the bullish corrective trend on the short-term, with its trading alongside supportive trend line, besides the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances of extending these gains in the near upcoming period.

(BTCUSD) declined slightly during its latest intraday trading, as part of a corrective move aimed at building fresh bullish momentum that could support the resumption of its gains in the near term, accompanied by the attempts to ease its overbought conditions on the relative strength indicators.

The decline coincided with the emergence of a bearish crossover on the relative strength indicators. However, the overall technical outlook remains positive, with trading above EMA50, which provides dynamic support and reinforces the strength of the short-term bullish corrective trend. This keeps the potential for further gains intact if the price is held above this support.

Crude oil prices rose slightly in its last intraday trading, supported by the emergence of a bullish crossover on the relative strength indicators after they reached deeply oversold territory, suggesting the formation of a bullish divergence, improving the prospects for a continued recovery.

The price is also receiving dynamic support from trading above EMA50, which continues to reinforce bullish momentum alongside the short-term bullish corrective wave. These technical factors strengthen the likelihood of further gains and a move toward higher resistance levels, if the price remains above current support.