Published: 26 November 2025,05:31
Chart The Market
USDJPY, H4:
The USDJPY pair has confirmed a significant technical deterioration, breaking decisively below the critical 61.8% Fibonacci retracement level at 156.30 to establish its lowest level in a week. This breach represents a meaningful shift in market structure, invalidating the previous bullish framework and establishing a new bearish near-term bias.
The failure to maintain support at this key Fibonacci level—which had previously provided reliable footing—strengthens the case for a sustained corrective phase. The breakdown suggests that the pair’s upward momentum has exhausted, potentially opening a path toward the next significant support zone near the 155.00 psychological handle.
Momentum indicators uniformly corroborate the bearish shift. The Relative Strength Index (RSI) has declined below the 50 mid-line, reflecting building selling pressure, while the Moving Average Convergence Divergence (MACD) is poised for a bearish crossover below its zero line. This configuration indicates that bearish momentum is indeed accelerating.
The 156.30 level now transitions to formidable resistance, with any technical rebounds likely to encounter selling pressure at this former support zone. The pair’s trajectory will be determined by its ability to reclaim this level—a break back above would challenge the immediate bearish structure, while sustained trading below 156.00 would likely trigger further downside toward the 155.00 support cluster.
Resistance Levels: 157.95, 161.70
Support Levels: 154.00, 150.80
EURUSD, H4
The EURUSD pair has established a technically significant base formation, developing a clear inverse head-and-shoulders pattern following its November lows. This classic reversal structure, combined with the emergence of a higher-low sequence, suggests a substantial shift in momentum may be underway.
The pattern now approaches a critical test at the 1.1600 resistance level. A decisive breakout above this barrier would confirm the bullish reversal pattern and likely trigger accelerated buying interest, potentially opening a path toward the next significant resistance near 1.1680.
Momentum indicators strongly support the constructive outlook. The Relative Strength Index (RSI) has surged above the 50 midline, indicating building bullish momentum, while the Moving Average Convergence Divergence (MACD) has completed a bullish crossover above its zero line. This configuration suggests that buying pressure is indeed accelerating and the previous bearish phase may be concluding.
The 1.1520-1.1550 zone now establishes crucial support, representing the pattern’s neckline. For the bullish scenario to remain valid, the pair must maintain footing above this level. A successful breach of 1.1600 would not only confirm the reversal pattern but also establish a new technical foundation for further near-term appreciation.
Resistance Levels: 1.1620, 1.1705
Support Levels: 1.1540, 1.1450
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