
GBPUSD, H4:
GBP/USD remains under pressure after breaking below the key 1.3385 support level, with price extending losses toward the 1.3295 support zone. Recent price action shows sellers regaining control following repeated failures near the 1.3475 resistance region, reinforcing the broader short-term bearish structure.
Momentum indicators continue to reflect increasing downside pressure. The Relative Strength Index (RSI) has fallen toward oversold territory, suggesting bearish momentum remains dominant despite the potential for short-term stabilization. Meanwhile, the MACD remains in negative territory, with both signal lines trending lower and the histogram expanding on the downside, reflecting strengthening selling momentum.
Despite the recent decline, GBP/USD faces initial resistance near the 1.3385 region, with stronger resistance levels seen at 1.3475 and 1.3580. As long as price remains below these levels, the broader short-term outlook may continue to favor bearish conditions, with downside risks toward the 1.3295 support level remaining relevant.Overall, GBP/USD appears to be entering a corrective phase after failing to sustain its previous recovery attempts.
Resistance Levels: 1.3385, 1.3470
Support Levels: 1.3295, 1.3180

USDJPY, H4
USD/JPY remains in a strong bullish trend after breaking above the key 160.00 resistance level, with price extending gains toward fresh multi-week highs near 160.40. Recent price action shows buyers maintaining control following the breakout from a consolidation range, reinforcing the broader upward structure as higher highs and higher lows continue to develop.
Momentum indicators continue to support the bullish outlook. The Relative Strength Index (RSI) has climbed back into overbought territory, suggesting strong buying momentum remains present despite the potential for short-term consolidation. Meanwhile, the MACD remains in positive territory, with both signal lines trending higher while the histogram continues to improve modestly, reflecting sustained upside momentum.
Despite the ongoing rally, immediate support is now seen near the 160.00 region, followed by support levels at 158.75 and 157.80. As long as price remains above these levels, the broader short-term outlook may continue to favor bullish conditions, particularly after the successful breakout from the previous consolidation structure.Overall, USD/JPY appears to be maintaining its recovery trend after rebounding sharply from the 155.60 support area.
Resistance Levels: 161.05, 162.00
Support Levels: 160.00, 159.20
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