Published: 30 March 2026,06:21
Chart The Market
USDJPY, H4:
The USDJPY pair has sustained its established uptrend, breaking decisively above the psychological resistance level at 160.00. This breach represents a significant technical achievement, further justifying the bullish bias and opening a path toward the next resistance targets near 162.00-163.00.
The bullish view is strongly supported by momentum indicators. The Relative Strength Index is poised to break into overbought territory, reflecting robust buying pressure and strengthening upside momentum. The Moving Average Convergence Divergence has rebounded above its zero line and continues to edge higher, confirming that positive momentum remains structurally dominant.
Immediate support is now established at the 159.50-160.00 zone, which has transitioned from resistance to support following the breakout. A sustained hold above this level is required to maintain the bullish structure. The next key resistance lies near 162.00, with a break above this level opening a path toward the 163.50-164.00 region.
Resistance Levels: 161.05, 163.35
Support Levels: 159.35, 157.75
EURUSD, H4
The EURUSD pair continues to trade firmly within its established downtrend, with the latest price action reinforcing the bearish structure. A minor technical rebound was decisively rejected beneath the long-term downtrend resistance line, confirming that sellers remain in control and that any upside attempts are being aggressively capped.
Momentum indicators reflect building downside pressure. The Relative Strength Index is trending toward oversold territory, indicating sustained selling momentum, while the Moving Average Convergence Divergence has crossed below its zero line, confirming that bearish momentum is gaining traction. This alignment suggests further downside is likely in the near term.
Immediate support rests near the recent low of 1.1400, with a break below this level opening a path toward the 1.1350-1.1320 region. Resistance remains established at the broken trendline near 1.1500-1.1520, and a reclaim of this zone would be required to challenge the current bearish bias. For now, the technical structure favors continued downside pressure, with rallies likely to attract selling interest.
Resistance Levels: 1.1583, 1.1713
Support Levels: 1.1467, 1.1340
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