The USDJPY price posted sharp gains in its latest intraday trading after breaking above155.20 resistance level, supported by continued positive pressure from trading above EMA50, which provides dynamic support and reinforces the dominance of the short-term bullish corrective trend.
This coincides with the emergence of positive signals from the relative strength indicators after the price successfully worked off its overbought conditions, reflecting improving positive momentum and giving the price more room to extend its gains in the near term.
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The GBPUSD price suffered sharp and consecutive losses in its latest intraday trading, breaking1.3435 support level, which was our price target , amid continued negative pressure from trading below EMA50, reinforcing the dominance and stability of the short-term bearish corrective trend.
More(BTCUSD) price rose in its latest intraday trading, driven by positive signals emerging from the relative strength indicators after they reached extremely oversold levels. The price is attempting to recover part of its previous losses, amid continued negative pressure from trading below EMA50, which acts as dynamic resistance and limits the chances of a full recovery in the near term.
MoreThe crude oil price extended a series of consecutive losses in its latest intraday trading, attempting to find a higher low to establish a base for gaining the positive momentum needed to resume its recovery. This comes amid the dominance of the main short-term bullish trend, with price movements alongside main and minor trend lines supporting this path. At the same time, positive pressure continues as the price trades above EMA50, which provides dynamic support and reinforces the chances of a recovery in the near term.
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