Published: 27 January 2026,06:18
Chart The Market
USDJPY, H4:
The USDJPY pair has confirmed a significant bearish reversal, declining more than 3% from its recent peak at 159.22. The subsequent minor technical rebound has failed to gather momentum, exhibiting clear signs of exhaustion. This failure suggests underlying selling pressure remains entrenched, solidifying a bearish near-term bias for the pair.
Momentum indicators corroborate the weak price structure. The Relative Strength Index remains lodged in oversold territory, reflecting persistent selling pressure, while the Moving Average Convergence Divergence indicator continues its descent and exhibits bearish divergence, confirming that downward momentum remains the dominant force.
The breakdown from the prior uptrend has shifted the technical structure decisively to bearish. The inability of the pair to stage a meaningful rebound from oversold conditions indicates a high probability of further downside. The bearish outlook would only be invalidated by a sustained recovery above the 157.80 resistance level, which would suggest a false breakdown and potential for a more prolonged consolidation.
Resistance Levels: 154.90, 156.30
Support Levels:153.20, 151.70
Nasdaq, H4
The Nasdaq Composite has executed a significant technical breakout, decisively surpassing a formidable resistance level near 25,850 that had capped multiple rally attempts over the past month. This advance is particularly notable as it follows a recovery from a prior breach below the index’s long-term uptrend support line, suggesting a robust reversal of that momentary weakness. The conclusive break above this persistent barrier indicates a strong shift in momentum and presents a clear bullish signal for the index.
Should the index sustain this breakout in the coming sessions, it would validate the move as a high-probability setup for a challenge of its all-time high at 26,289.55. The bullish structure is supported by strengthening momentum indicators. The Relative Strength Index is advancing toward overbought territory, reflecting intensifying buying pressure, while the Moving Average Convergence Divergence indicator has broken above its zero line and continues to trend higher, confirming that bullish momentum is accelerating.
The technical outlook has turned decidedly bullish following the confirmed breakout above multi-month resistance. The convergence of this price action with improving momentum indicators establishes a credible foundation for further gains. The immediate focus is on sustainability above the 25,850 level; a firm hold here would support a move toward the record high. While the overbought RSI suggests the potential for near-term consolidation, the primary trend direction is now higher. The bullish scenario would be invalidated by a reversal back below the 25,850 breakout level, which would indicate a false breakout and likely reinstate a period of range-bound trading.
Resistance Levels: 26,215.20, 26,490.00
Support Levels: 25,505.00, 25,193.40
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