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Published: 16 June 2026,06:02
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EURJPY, H4:
EUR/JPY has once again encountered strong resistance near the 186.00 level, with the pair failing to sustain its upward momentum and subsequently retreating from this key barrier. The repeated rejection around 186.00 suggests that sellers remain active at higher levels, limiting the pair’s ability to extend its recent gains.
Following the rejection, EUR/JPY is now drifting toward the critical pivot level at 185.45. This area is likely to play a pivotal role in determining the pair’s next directional move. As long as the pair remains above this support zone, the broader structure remains relatively stable. However, a decisive break below 185.45 would constitute a structural breakdown and provide a bearish signal, potentially marking the beginning of a deeper corrective move.
Momentum indicators are also beginning to tilt in favor of the bears. The Relative Strength Index (RSI) is approaching a move below the midpoint level, suggesting that bullish momentum is fading and that downside pressure may be increasing.
Meanwhile, the Moving Average Convergence Divergence (MACD) is showing signs of weakening despite remaining above the zero line. Should the MACD form a bearish crossover and subsequently move below the zero line, it would provide additional confirmation that bearish momentum is building and strengthen the case for further downside.
Resistance Levels: 186.40, 187.40
Support Levels: 184.40, 183.40
ETH, H4
Ethereum has remained within a well-established long-term downtrend, with the cryptocurrency declining by more than 35% from its May peak. The persistent series of lower highs and lower lows continues to reflect strong bearish sentiment and confirms that sellers remain in control of the broader market structure.
Following the prolonged decline, ETH staged a technical rebound that carried prices toward the key resistance level near $1,825. This area coincides with the 61.8% Fibonacci retracement level, a widely monitored technical zone that often acts as a significant barrier during corrective rallies within a broader downtrend.
The latest price action shows that Ethereum has struggled to gain a foothold above this resistance level. The inability to break through and sustain trading above $1,825 suggests that selling pressure remains active and that the recent rebound may have been a corrective move rather than the beginning of a sustained trend reversal.
As long as ETH remains capped below the 61.8% Fibonacci retracement level, the longer-term bearish outlook remains intact. The rejection from this resistance zone reinforces the view that buyers have yet to generate sufficient momentum to invalidate the prevailing downtrend.
Should the bearish structure continue to dominate, Ethereum could resume its downward trajectory and retest the previous low near the $1,500 level. This support zone will be a critical area to monitor, as a break below it could expose the cryptocurrency to even deeper losses and reinforce the broader bearish trend.
Resistance Levels: 2132.00, 2377.35
Support Levels:1535.45, 1258.60
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