The (USDJPY) declined in its last intraday trading, affected by the stability of the resistance level at 156.75, which represents our expect target in previous analysis, to gather the gains of its previous rises, attempting to gain bullish momentum that may help it to breach the resistance and offloading its overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals from there, amid the continuation of the dynamic support that is represented by its trading aboveEMA50, and under the dominance of the main bullish trend, affected by its exit from bearish corrective channel’s range.
GBPUSD declined in its last trading in the intraday trading, amid the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, in attempt to look for higher low to gain bullish momentum to help it recover and rise again, leaning on EMA50’ support, which reinforces the dominance and stability of the bullish track on the short-term basis, especially with its trading alongside trend line.
Bitcoin’s price declined in its last intraday trading, affected by the stability of the key resistance at $94,000, which represents our expected target in previous analysis, this decline came as a natural profit-taking phase after the last bullish wave, while the price is attempting to regain the required bullish momentum to breach this strong barrier.
Despite this intraday decline, bitcoin keeps key dynamic support with the continuation of its trading above EMA50, accompanied by the emergence of positive signals on the relative strength indicators after surpassing the overbought conditions, and keeps moving within bullish corrective track on the short-term basis, keeping its trading alongside supportive trend line for this trend.
Crude oil settles lower after hitting the key support at $58.20, the expected target in our analysis, as holding above this level provided intraday stability despite increased selling, benefiting from this technical leaning without restoring bullish momentum.
Oil remains under clear negative pressure while trading below EMA50, limiting recovery chances, and affected by a short-term rising wedge pattern that reinforces bearish bias and supports continuation of its downward path.