The (USDJPY) declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions, especially with the emergence of negative overlapping signals, to gather its bullish momentum that might help it to recover and rise again, with a dynamic support that is represented by its trading above EMA50, with the dominance of strong bullish corrective wave on short-term basis.
GBPUSD rose in its last intraday trading due to its leaning on EMA50, gaining some bullish momentum that helped it to achieve these gains, to recover some of its previous losses, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of steep bearish corrective wave on short-term basis.
Bitcoin’s price settled at limited gains during its last intraday trading, attempting to recover some of its previous losses within corrective move to calm the intense of the dominant main bearish trend on short-term basis.
This comes mid the continuation of the trading alongside supportive trend line for the bearish track, and the negative pressure remains valid despite the current rebound. At the same time, the price remains under extra negative pressure due to its trading below EMA50, which forms dynamic resistance that limits the strength of any potential rise, and the emergence of negative signals on relative strength indicators reinforces this scenario, after reaching overbought levels, which might suggest a decline in the bullish momentum and a return to the selling pressure in the upcoming period.
Crude oil prices fluctuated on their last intraday levels, after holding above our previous expected target at $61.50 support, opening the way for taking a breather and attempting to recover some of its last losses. accompanied by the attempts to offload some of its clear oversold conditions on relative strength indicators, with the emergence of positive signals from there, providing limited support for the current move.
This comes amid the dominance of steep bearish wave, which limited the strength of the current recovery, however the trading alongside minor bullish trend line on short-term basis keeps the chances of the rebound valid and opens the way for fluctuating trading until detecting the coming trend clearly.