GBPUSD declined in its last intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to resume its strong gains on the near-term basis, besides offloading some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, after breaching 1.3265 resistance, which represents our expected target in our previous analysis, amid the dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for this trend.
Bitcoin rose in its last intraday trading, to settle above $93,000 key resistance in a significant step to confirm breaching it successfully, taking advantage of breaching main bearish trend line on the short-term basis, in a technical signal that reinforces the chances for the continuation of the bullish wave in the upcoming phase.
This rise is supported by the emergence of positive overlapping signals on the relative strength indicators, after offloading overbought conditions, opening the way for moving freely towards higher levels, amid the continuation of the trading above EMA50, forming dynamic support for the bullish track.
Crude oil rose slightly during its recent intraday trading, taking advantage of its trading above EMA50, representing dynamic support base that provides renewed bullish momentum that supports the current bullish attempts, despite the limited gains until now.
On the other hand, there is a pressure on the momentum by the emergence of negative signals on relative strength indicators, which might push the price to enter temporary calming phase, but its trading alongside minor bullish trend line on a short-term basis still provides advantage for the continuation of bullish attempts in the upcoming period.
Gold witnesses tight range fluctuated trading in its recent intraday levels, amid its attempts to gain bullish momentum that may help it to breach the solid resistance at $4,225, supported by the continuation of the dynamic support due to its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis.
Gold remains moving alongside supportive trend line for this trend, indicating the stability of the bullish trend until now, and the relative strength indicators enter exaggerated oversold levels compared to the price move, representing supportive base for potential bullish wave if a positive technical motive appears.