Chart the Market (31/07/2025)

GBPJPY, H4: 

The GBP/JPY cross has accelerated its decline, breaking decisively below the key 197.80 support level to reach its weakest point in two weeks. This downward move confirms the bearish bias that had been building through a series of lower highs in recent trading sessions, signaling strengthening selling pressure and potential for further losses ahead.

Technical indicators paint a compelling picture of growing downside momentum. The Relative Strength Index has plunged toward oversold territory, currently hovering near 30, reflecting intense selling pressure that has yet to show signs of exhaustion. Meanwhile, the MACD indicator has crossed firmly below both its signal line and the zero line, providing clear confirmation that bearish forces have taken control of the pair’s direction.

Resistance Levels:198.30, 199.75

Support Levels: 195.15, 193.30

ETH,  H4

Ethereum (ETH) has extended its long-term uptrend, rallying more than 50% in July and reaching its highest level of 2025. However, following the recent peak, bullish momentum has moderated, with price action entering a period of consolidation.

After a brief phase of range-bound trading, ETH has broken above its previous lower-high structure, signaling a potential continuation of the broader uptrend. Despite the technical breakout, momentum indicators point to waning bullish strength. The Relative Strength Index (RSI) remains anchored near the midpoint, while the MACD has formed a lower-high pattern—both suggesting a loss of upward momentum in the short term.

Resistance Levels: 4120.00, 4500.00

Support Levels: 3540.00, 3080.00