Published: 14 January 2026,06:08
Chart The Market
AUDJPY, H4:
The AUDJPY pair has extended its bullish advance, reaching its highest level since July 2024. The near-term price action confirms the underlying strength of the trend, as a recent retracement found firm support at the immediate technical level of 106.25 before resuming its upward trajectory. This successful defense of support indicates that bullish momentum remains structurally intact and is likely to propel the pair toward further gains.
Momentum indicators reflect an exceptionally strong bullish environment. The Relative Strength Index has penetrated into overbought territory, a condition often associated with powerful trending moves. Simultaneously, the Moving Average Convergence Divergence indicator is spiking to higher levels, confirming that bullish momentum is not only present but continues to intensify.
The technical outlook is decisively bullish. The combination of a clear breakout to new cyclical highs, a successful retest of key support, and powerfully bullish momentum indicators creates a high-conviction trend-following setup. While the overbought RSI suggests the potential for near-term consolidation, such conditions can persist during strong trends. The immediate bias favors further upside, with dips toward the 106.25 support likely to be viewed as buying opportunities. The bullish scenario would be invalidated by a sustained break below 106.25, which would signal a failure of the current breakout structure and likely trigger a deeper corrective phase.
Resistance Levels: 107.50, 108.50
Support Levels: 106.25, 105.10
ETH, H4
Ethereum has demonstrated a robust bullish reversal, rebounding decisively from the critical 61.8% Fibonacci retracement support at $3,068.85. This rebound has propelled the cryptocurrency beyond its previous cycle high, confirming a significant shift in market structure. The immediate technical focus is now on the $3,250 level; a sustained hold above this threshold would confirm a decisive breakout from a prolonged multi-month consolidation range, signaling a long-term bullish trend reversal.
The bullish price action is strongly supported by momentum indicators. The Relative Strength Index has advanced into overbought territory, reflecting intense buying pressure. Concurrently, the Moving Average Convergence Divergence indicator has surged above its zero line and is exhibiting positive divergence, confirming that bullish momentum is accelerating and gaining dominance.
The technical setup has turned overtly bullish. The successful defense of deep Fibonacci support and the subsequent breakout attempt indicate a high-probability trend reversal. While the overbought RSI condition warrants vigilance for near-term consolidation, the primary trend direction is now higher. The confirmation of this new uptrend rests on Ethereum’s ability to maintain support above $3,250. A failure to hold this level would suggest a false breakout and could reinstate the prior consolidation range, invalidating the immediate bullish reversal thesis.
Resistance Levels: 3684.50, 4286.85
Support Levels: 2800.00, 2386.10
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