Chart the Market (20/08/2025)

GBPUSD, H4: 

The GBPUSD has lost steam after its recent rally stalled at the 1.3585 high, with price action now shifting into a lower-high, lower-low formation that signals a bearish tilt. The pair is edging toward the critical 1.3420 support level, where a decisive break lower would mark a clear departure from its previous bullish trajectory and reinforce the downside outlook.

Momentum indicators confirm the shift in sentiment. The RSI continues to trend lower after slipping out of overbought territory, while the MACD has crossed below the zero line, both underscoring growing bearish momentum.

Resistance Levels:1.3535, 1.3650 

Support Levels: 1.3420, 1.3290

BTC,  H4

Bitcoin has carved out an “M” pattern after forming a double-top near the $123,000 level, with prices retreating almost 10% from recent highs. The crypto now hovers around the $112,000 support zone, where a failure to hold could trigger a stronger bearish leg lower.

Technical signals highlight mounting downside risks. The RSI has been sliding and is on the verge of entering oversold territory, while the MACD has crossed below the zero line and continues to trend downward—both suggesting that bearish momentum is firmly in control.

Resistance Levels: 115,225.00, 118,240.00

Support Levels: 112,000.00, 108,700.00