Dow Jones, H4:
The Dow Jones Index is showing signs of stalling after its steady climb, with price holding just above the 45,645 Fibonacci zone but struggling to sustain momentum beyond 46,430 resistance. This signals a potential consolidation phase, as the index appears to be losing some of its earlier bullish drive despite maintaining its broader uptrend. The 45,500–45,650 region remains a key area to watch, as a firm hold here would preserve the constructive structure, while a break below could open the door toward the 44,165 retracement level.
Price action suggests a market in balance, with neither buyers nor sellers firmly in control. The recent failure to extend toward 47,750 highlights the risk of sideways movement in the near term, as investors weigh whether the rally has run its course or is merely pausing.
Momentum indicators support the consolidation view. The RSI has retreated from higher levels and is now hovering around the mid-50s, reflecting waning bullish pressure, while the MACD has flattened, with its histogram showing limited momentum that both point to a potential cooling-off period before a clearer trend emerges.
Resistance Levels: 46,730.00, 47,750.00
Support Levels: 45,650.00, 44,165.00
GBPUSD, H4
GBP/USD remains under pressure after breaking down from its recent ascending channel, with price now hovering around the 1.3450–1.3490 zone. The pair has struggled to reclaim the 1.3550 resistance, suggesting that bearish momentum still dominates the short-term outlook. Immediate support lies near 1.3435, and a decisive break below this level could expose further downside toward 1.3350.
The overall structure leans bearish, as lower highs and the inability to sustain gains above the moving averages point to sellers maintaining control. A recovery above 1.3550 would be needed to ease downside pressure and allow a retest of the 1.3665 resistance zone.
Momentum signals remain weak: the RSI sits at 36, reflecting subdued buying interest, while the MACD is flat to slightly negative, indicating a lack of bullish conviction. Unless buyers step in decisively, consolidation near the lows or an extension downward appears more likely in the near term.
Resistance Levels:1.3550, 1.3665
Support Levels:1.3435, 1.3350
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!