The USDJPY pair witnessed volatile intraday trading as it attempts to gain positive momentum that could help it break the current resistance level at 158.95. This comes amid the dominance of a short-term corrective bullish trend, with the pair moving alongside a supportive trendline. Positive pressure also continues as the pair trades above the EMA50.

In the background, a positive divergence is beginning to form on the relative strength indicators after reaching heavily oversold levels compared to price movement, while fresh positive signals are starting to emerge.

The GBPUSD pair declined during recent intraday trading amid the dominance of a short-term corrective bearish trend amid the dominance of the bearish corrective trend on the short-term basis, this decline came after series of consecutive gains that helped the pair to recover big part of its previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of full recovery in the near upcoming period, beside forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, with the emergence of the negative signals.

Bitcoin price (BTCUSD) declined during recent intraday trading after offloading part of the oversold conditions on the relative strength indicators, opening the door for further declines in the near term amid continued weak bullish momentum and prevailing selling pressure on price movement.

The EMA50 also continues to exert negative dynamic pressure as Bitcoin remains trading below it, reinforcing the dominance of the short-term corrective bearish trend, affected by breaking a major bullish trendline. This technical signal strengthened the current negative outlook and increased the likelihood of continued downside movement.

Crude Oil price showed volatile trading during recent intraday movements as it attempts to gain positive momentum that could help it break the key resistance at $104.00, amid the dominance of the main short-term bullish trend, while the price also continues to benefit from trading above EMA50, which provides dynamic support and strengthens the chances of further gains.

This performance follows oil’s success in easing the overbought conditions previously seen on the relative strength indicators, which have now started sending fresh positive signals supporting the upward movement. This strengthens the positive momentum surrounding the price and increases the likelihood of an attempt to break the current resistance.