USDJPY surged higher in recent intraday trading, to challenge the key resistance at 160.70, which was a target in our previous outlook, supported by continued trading above the EMA50, providing strong dynamic support and reinforcing the prevailing short-term bullish trend.

Further strength comes from improving technical indicators, as relative strength indicators have started to form a bullish divergence after reaching deeply oversold levels. Emerging positive signals suggest that upside momentum may continue in the near term.

GBPUSD rose slightly in recent intraday trading, attempting to recover part of its previous losses after breaking below the pivotal support level at 1.3320. However, the pair remains under negative pressure as it continues to trade below its EMA50, which acts as dynamic resistance and limits the chances of a sustained recovery.

The technical outlook remains bearish in the short term, with price moving along a bearish trendline. In addition, relative strength indicators continue to generate negative signals.

Bitcoin (BTCUSD) posted modest gains in recent intraday trading, supported by its EMA50 and a short-term ascending corrective trendline. These technical factors provided a solid foundation that helped the price remain resilient and rebound higher.

The recovery was supported by positive signals emerging from relative strength indicators, particularly after a bullish divergence formed following deeply oversold readings. Together, these factors strengthen the outlook for continued recovery and further gains in the near term, provided key support levels remain intact.

Crude Oil remains under pressure in recent intraday trading, with the dominant short-term bearish trend continuing to weigh on price action and limiting the prospects for a sustained recovery.

The price is still trading below its EMA50, which continues to act as dynamic resistance against upward attempts. Meanwhile, relative strength indicators have resumed generating negative signals after unwinding previous overbought conditions, reinforcing the likelihood of continued downside pressure and additional losses in the near term.