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Published: 19 June 2026,06:37
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XAGUSD, H4:
Silver remains under bearish pressure after failing to sustain its recovery above the 71.50 resistance level and resuming its decline toward the 64.55 support zone. The metal previously broke down from a multi-week range-bound consolidation between 71.50 and 78.45, with the downside breakout signaling a shift in market sentiment and reinforcing the prevailing bearish trend.The move below the former consolidation range suggests that sellers have regained control of price action, while subsequent recovery attempts have repeatedly failed to establish a foothold above key resistance levels. Following the breakdown, silver continued lower within a well-defined descending channel before staging a corrective rebound. However, the recovery stalled beneath the broken support area near 71.50, confirming that previous support has now transitioned into resistance and leaving the broader bearish structure intact.
Momentum indicators continue to support the negative outlook. The Relative Strength Index (RSI) has declined toward the oversold region and is currently holding near 30, reflecting increasing downside momentum and persistent selling pressure. Meanwhile, the Moving Average Convergence Divergence (MACD) remains firmly in negative territory, with both signal lines trending lower and the histogram expanding below the zero line, indicating that bearish momentum continues to build following the recent rejection from resistance.
Resistance Levels: 69.75, 73.70
Support Levels: 65.35, 61.60
GBPUSD, H4
GBP/USD remains under significant bearish pressure after breaking decisively below several key support levels and extending its recent decline toward the 1.3190 support zone. The pair had previously traded within a broad consolidation structure between 1.3385 and 1.3475, but persistent selling pressure eventually overwhelmed buyers, resulting in a sharp downside breakout that reinforces the strength of the current bearish trend.
Momentum indicators continue to support the bearish outlook. The Relative Strength Index (RSI) has fallen deeply into oversold territory near 21, reflecting strong downside momentum and aggressive selling pressure. While oversold conditions may increase the risk of short-term corrective rebounds, they also highlight the intensity of the current decline. Meanwhile, the Moving Average Convergence Divergence (MACD) remains firmly in negative territory, with both signal lines accelerating lower and the histogram continuing to expand below the zero line, indicating that bearish momentum remains dominant.
From a short-term perspective, maintaining price action below the former support zone around 1.3295 will be crucial. As long as GBP/USD remains beneath this breakdown area, the pair is likely to continue favoring a bearish bias and could extend losses toward lower support levels.
Resistance Levels: 1.3295, 1.3385
Support Levels:1.3180, 1.3015
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