The USDJPY pair rose in its latest intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, after surpassing its negative pressure by the end of the last week trading, preparing to reach the key resistance at 159.80, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path.
On the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might decelerate the upside moves, especially if its near resistance levels remain intact.
The GBPUSD pair es experiencing fluctuating trading on its last intraday levels, in attempt to recover some of its previous losses, attempting to offload some of its clear oversold levels on the relative strength indicators, especially with the emergence of positive overlapping signals from them, after its trading alongside main bearish trend line on short-term basis that it failed to breach it previously, and there is negative and dynamic pressure that is represented by its trading below EMA50, increasing the likelihoods of the negative pressures continuation on near term basis.
Bitcoin continued its decline during its latest intraday trading, affected by breaking a key short-term ascending trendline, which increased the negative pressure surrounding its movements. The price is also facing additional pressure as it trades below EMA50, strengthening the bearish trend in the near term.
On the other hand, we notice the emergence of positive signals from the relative strength indicators, along with the formation of a positive divergence, which may support the chances of a corrective upward rebound in the coming period to recover part of the recent losses.
Crude oil is holding onto consecutive gains during its latest intraday trading, after successfully gaining positive momentum following its earlier rebound from the support of EMA50, which helped reinforce these gains.
The price is now preparing to challenge the key resistance level at $100.00, amid the dominance of a short-term bullish trend, with price movements aligned along a supporting trendline for this direction, supporting the continuation of positive momentum. These movements also coincide with emerging positive signals from the relative strength indicators, which enhances the chances of continued upward movement in the coming period.