The (USDJPY) rose slightly in its last intraday trading, after bearish journey to look for rising low to take it as a base to help it gain the required bullish momentum for its recovery and rising again, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend, especially with its trading alongside minor supportive trend line for this trend, besides the emergence of positive overlapping signals from relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of forming positive divergence.
GBPUSD declined in its last intraday trading, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative dynamic pressure that is represented by its trading below EMA50, which prevented the recovery attempts previously, this bearish performance comes with the negative signals from the relative strength indicators, after offloading its oversold conditions, opening the way for recording more losses on the near-term basis.
Bitcoin’s price declined during its last intraday trading, after reaching the resistance at $97,000, which represents key target in our previous analysis, to enter natural profit-taking phase after the last strong bearish wave.
This decline comes with the price attempts to attempt to offload its clear overbought conditions, especially with the emergence of negative signals, paving the way for rebuilding the required bullish momentum for breaching this resistance in upcoming trading, moving alongside supportive trendline for this trend.
Crude oil prices declined sharply in their last intraday trading, after reaching $62.00 resistance, which represented a key target in our previous analysis, which pushed the price to enter clear profit- taking wave after the previous strong rises.
This comes amid the attempts of rearranging its technical situation, by offloading some of its overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, to gain a new bullish momentum that might help it to recover and resume the rise, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the chances of the price recovery on a near-term basis.