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WTI Crude, H4:
WTI crude has ended its previous bullish rally after breaking below its uptrend trendline, signaling a short-term loss of upward momentum. However, the subsequent selling pressure was contained above the 61.8% Fibonacci Retracement level near $79.85, where the crude found support and staged a technical rebound.
The rebound suggests that buyers remain active and that the broader long-term bullish trajectory may still be intact despite the recent structural weakness. The next key hurdle is the immediate resistance level near $85.20.
Should WTI gather sufficient momentum and break decisively above $85.20, this would strengthen the bullish outlook and potentially open the path for the crude to revisit its previous peak near $86.60 and potentially move beyond it.
Overall, the $79.85 Fibonacci support remains an important level for the broader bullish structure, while $85.20 is the key resistance to watch. A sustained breakout above $85.20 would provide a stronger signal that the bullish momentum is returning.
Resistance Levels:85.20, 88.50
Support Levels: 83.15, 81.50

EURJPY, H4
The EUR/JPY pair has been trading within a range-bound structure for the past week following a sustained period of upward movement. However, the pair has recently broken below its uptrend trendline, providing an early signal that bullish momentum is easing and that a technical retracement may be developing.
The current price consolidation remains an important zone to monitor, as a breakout from either side could determine the pair’s next major direction. A break above the range would suggest that buying pressure remains intact and could revive the bullish trajectory.
Conversely, a decisive break below the current consolidation range would strengthen the bearish signal and could trigger a round of technical correction. In this scenario, the next key downside target would be near 182.75, which coincides with the 50% Fibonacci Retracement level.
Overall, EUR/JPY remains at a critical technical juncture. The break below the uptrend trendline has introduced a bearish tilt, while 182.75 would become the key downside target if the pair breaks below its current range-bound structure.
Resistance Levels: 186.30, 187.55
Support Levels: 184.80, 183.15
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