USDJPY has witnessed a sharp decline in its latest intraday trading, with negative signals beginning to emerge from the RSI after reaching deeply overbought levels. The pair is currently finding support at EMA50. A break below this level would confirm the pair's determination to extend its losses in the near term, potentially allowing a bearish corrective wave to take hold and persist for some time.
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The GBPUSD pair surged higher in its latest intraday trading, reaching the resistance level of 1.3475, which was a price target in our previous analysis. This confirms the dominance and stability of the short-term bullish corrective trend that has controlled the pair's movement over the past period. The pair continues to trade alongside a supporting trend line, while positive pressure remains in place as it trades above EMA50, which provides a dynamic support base and reinforces the chances of extending its gains in the near term.
More(BTCUSD) recorded sharp losses in its latest intraday trading, positioning itself to break below the key support level of $76,500, which was a price target in our previous analysis, amid the dominance of the main short-term bearish trend, with the price moving alongside a minor trend line supporting this bearish trajectory, in addition to continued negative pressure resulting from trading below EMA50, intensifying the negative pressure on the price.
MoreCrude oil declined in its latest intraday trading, preparing to break below support at $94.35, a level that had represented a price target in our previous analysis, amid the dominance of a steep bearish corrective wave over the short term.
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