
XAGUSD, H4:
Silver has undergone a measured technical pullback following a powerful 30 percent rally from its March low. The latest price action has formed an inverse head-and-shoulders pattern, a classic reversal structure that typically signals the conclusion of a corrective phase and the resumption of the prior uptrend.
While the Relative Strength Index remains below the 50-midpoint, indicating that bearish momentum has not fully dissipated, the Moving Average Convergence Divergence has generated a bullish golden cross below its zero line. This divergence—a positive crossover at depressed oscillator levels—often precedes a sustained shift in momentum and supports the prospect of a trend reversal toward the upside.
The inverse head-and-shoulders formation, if confirmed, would suggest that silver is poised to extend its previous bullish rally. A decisive break above the pattern’s neckline would provide further technical confirmation, targeting a measured move toward the $78.00-$80.00 region. Near-term support remains at the pattern’s right shoulder low, with resistance at the neckline serving as the immediate hurdle. Traders should monitor for a confirmed breakout to validate the bullish reversal signal.
Resistance Levels: 77.40, 80.85
Support Levels: 74.05, 70.25

EURJPY, H4
The EURJPY pair has staged a remarkable bullish advance, recently recording a fresh all-time high. Following a measured technical retracement that formed a descending triangle pattern, the pair is now gathering traction and attempting to break above the triangle’s upper boundary. A successful breakout would signal a continuation of the previous bullish rally, likely propelling the pair toward uncharted territory beyond the recent record peak.
Momentum indicators have turned constructive in support of the upside resolution. The Relative Strength Index (RSI) is showing early signs of recovery from oversold levels, while the Moving Average Convergence Divergence (MACD) has generated a bullish golden cross. This alignment of positive momentum signals reinforces the view that the corrective phase has concluded and that a fresh leg higher is underway. The immediate upside target is the recent all-time high, with a break above opening the path toward the 190.00 psychological level.
Resistance Levels: 187.95, 189.75
Support Levels:186.40, 184.65
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