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Published: 26 June 2026,06:40
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USDJPY, H4:
USD/JPY continues to trade near record-high territory above the 161.00 level. However, despite maintaining elevated prices, the pair appears to be losing upward momentum as recent price action has shifted into a sideways consolidation phase.
The slowing momentum is becoming increasingly evident through the technical indicators. The Moving Average Convergence Divergence (MACD) has formed a bearish crossover, or “death cross,” at elevated levels, suggesting that the bullish momentum that fueled the recent rally is beginning to fade. Meanwhile, the Relative Strength Index (RSI) continues to trend lower and is approaching a break below its midpoint level, further signaling a deterioration in buying strength.
The combination of weakening momentum indicators while prices remain near their highs creates a bearish divergence, often viewed as an early warning sign that a trend reversal or corrective pullback may be developing. This divergence suggests that buyers are becoming less aggressive, even as the pair remains close to its peak levels.
From a price action perspective, the key level to monitor is the previous swing low at 161.44. A decisive break below this support level would constitute a bearish signal and could confirm that the pair has entered a corrective phase following its extended rally. Should USD/JPY fall below 161.44, the next downside target is likely to be the immediate support zone around 160.55. This level could serve as an important objective for bearish traders and may act as the next major area where buyers attempt to stabilize the market.
Resistance Levels: 163.15, 164.60
Support Levels: 160.55, 158.70
ETH, H4
Ethereum continues to trade within a well-established downtrend following the formation of a lower-high price structure in recent sessions. The inability to break above previous resistance levels suggests that sellers remain firmly in control, keeping the broader bearish trend intact.
The cryptocurrency is currently hovering near a critical support zone, an area where a significant liquidity pocket previously emerged and helped stabilize prices during earlier sell-offs. This support level now represents a crucial battleground between buyers and sellers and could determine Ethereum’s next major directional move.
Under normal market conditions, such a liquidity zone may trigger a technical rebound as bargain hunters and short-covering activity emerge. However, if ETH fails to generate a meaningful recovery from the current support area, it would be a strong indication that bearish momentum remains dominant and that demand at lower levels is insufficient to absorb the ongoing selling pressure.
A lack of rebound from this critical support zone would reinforce the prevailing downtrend and suggest that sellers continue to overwhelm buyers. Such a development would increase the probability of a further decline and confirm that the recent weakness is part of a broader bearish continuation pattern.
Should the current support fail to hold, Ethereum could remain vulnerable to another wave of selling pressure, potentially driving the cryptocurrency toward the next major downside target near the $1,200 level. This area represents an important long-term support zone and may become the next focal point for market participants if the bearish trend continues to accelerate.
Resistance Levels: 1650.50, 1825.80
Support Levels:1260.00, 1017.10
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