The (USDJPY) declined in its last intraday trading, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals, amid the continuation of the positive support due to its trading above EMA50, which provides renewed bullish momentum, especially with the trading within bullish channel’s range that limited its previous trading on short-term basis.

GBPUSD rose cautiously in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, after offloading its overbought conditions, despite the last gains, the price is under negative and dynamic pressure that is represented by its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on short-term basis, especially with its trading alongside supportive trend line for this track.

Bitcoin (BTCUSD) settles on a slight decline in its latest intraday trading, in attempt to form higher low to use it as a base to regain its bullish momentum and to recover, amid the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of the bullish corrective wave on short-term basis, accompanied by the trading alongside supportive trend line for this path.

With the emergence of positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive overlapping signals from there, which might reinforce the chances of regaining bullish momentum in the upcoming period.

Therefore, we suggest a rise in BTCUSD in its upcoming intraday trading, if $69,000 support level settles to target $74,000 resistance.

Expected trading range is bewteen$69,000 support and $74,000 resistance.

Today’s forecast: Bullish

Crude oil prices settled on slight decline in their latest intraday trading, after reaching $80.00 resistance, which represents a potential target in our previous analysis. This came from profit-taking following the recent gains, besides the attempt to offload its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals.

Amid the price attempt to recover its bullish momentum, preparing to breach this resistance, supported by the continuation of the dynamic support that comes from its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis.

Therefore, we suggest a rise in crude oil prices in upcoming intraday trading, conditioned by breaching $80.00 resistance, to target its next resistance at $85.00.

The expected trading range for today is between $74.00 support and $84.00 resistance.

Today’s forecast: Bullish