8 October 2025,05:39
Chart The Market
8 October 2025, 05:39
USDJPY, H4:
The USD/JPY pair has extended its advance, breaking decisively above the 152.60 level to reach its highest point in six months. The move represents a significant technical development, confirming a breakout from a prolonged consolidation phase and reinforcing a strong bullish near-term bias.
The pair’s ability to overcome this key resistance zone—which had contained upward moves since April—suggests underlying strength and potentially opens the path toward the next psychological barrier near the 155.00 level. The breakout follows a successful technical rebound from recent lows and subsequent period of equilibrium, indicating that buyers have ultimately prevailed in the struggle for control.
Momentum indicators generally support the constructive outlook, though with some nuances. The Relative Strength Index is approaching overbought territory, reflecting sustained buying pressure, while the Moving Average Convergence Divergence remains in positive territory above its zero line, albeit without showing significant directional divergence. This configuration suggests that while bullish momentum is established, its acceleration may be moderating near current levels.
Resistance Levels: 154.70, 158.60
Support Levels: 144.67, 140.45
ETH, H4
Ethereum has undergone a significant technical deterioration, erasing its recent gains and breaking below previous support levels. This structural breakdown suggests a shift in near-term momentum to a bearish bias, with the cryptocurrency now testing a critical liquidity zone.
The ability to defend this current zone is crucial—failure to establish support here would likely trigger another wave of selling pressure, potentially driving ETH toward the next significant technical level near $4,200. This represents a decline of approximately 4% from current levels and would mark a further deterioration in market structure.
Momentum indicators confirm the weakening technical picture. The Relative Strength Index has declined below its midline, indicating building selling pressure, while the Moving Average Convergence Divergence has generated a bearish crossover—often referred to as a “death cross”—at elevated levels. This configuration suggests that the previous bullish momentum has decisively reversed.
Resistance Levels: 4510.00, 4820.00
Support Levels:4265.00, 4070.00
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