Chart the Market (18/06/2025)
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Chart the Market (18/06/2025)

Published: 18 June 2025,06:57

Published: 18 June 2025,06:57

Chart The Market

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GBPUSD, H4: 

The British pound came under renewed pressure, with GBPUSD falling over 1% in the last session, marking a sharp reversal from recent highs around 1.3632. The pair has now broken below its key support at 1.3470, effectively dismantling the prior bullish structure and signaling a shift in market sentiment.

Technical indicators support the bearish outlook. The Relative Strength Index (RSI) has slid toward the oversold zone, while the MACD has crossed below the zero line and begun to diverge—both pointing to strong downside momentum.

The pair’s failure to hold above its previous low adds weight to the case for further declines, with traders now watching for additional confirmation from macro catalysts or further risk-off flows. Unless GBPUSD can reclaim lost technical ground, the outlook remains tilted to the downside in the near term.

Resistance Levels: 1.3535, 1.3650

Support Levels: 1.3290, 1.3160

ADAUSD,  H4

Cardano (ADA) extended its slide in the latest session, breaking decisively below the critical support level at $0.6240 and reinforcing the bearish bias. The token has been trading in a descending pattern of lower highs, and the recent breakdown signals continued weakness in the near term.

As long as ADA remains capped below both the downtrend resistance and the former support at $0.6240, the bearish trajectory is likely to persist. Momentum indicators confirm the downward pressure—RSI remains anchored below the midpoint, while the MACD continues to hover in negative territory, underscoring a market dominated by bearish sentiment.

Unless ADA reclaims key technical levels, the path of least resistance remains to the downside, with traders eyeing the next support zone near $0.5860.

Resistance Levels: 0.7985, 0.9830

Support Levels: 0.5205, 0.4025

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