Mixed Momentum and Key Resistance Clashes in FX and Indices

USDJPY

USD/JPY Consolidates Below 145.92 – Bearish Bias Holds

USD/JPY holds under 145.92 resistance and remains in a downtrend. RSI near 40 shows weak momentum. 142.00–140.00 in focus if rejection continues.

USD/JPY remains under bearish pressure, failing to reclaim the 145.92 resistance, which aligns with the upper boundary of the red Supertrend cloud. Since losing the key 149.40 horizontal support in early April, the pair has formed a clear downtrend, now consolidating near 143.00. The RSI hovers around 40, reflecting weak recovery momentum and no clear reversal signals. Unless price breaks and holds above 145.92 with higher lows, the path of least resistance remains downward, with 142.00 and 140.00 as the next key targets.

GBPUSD

GBP/USD Surges Toward 1.3220 – Bullish Momentum Intact

GBP/USD breaks above 1.30 and tests 1.3220. RSI at 71.6 signals overbought, but bullish trend remains valid above 1.3048.

GBP/USD has broken out of a consolidation range, now pushing toward the 1.3220 resistance level after reclaiming both the Supertrend cloud and the 1.30 horizontal barrier. The move is backed by strong bullish momentum, with the RSI at 71.6, entering overbought territory—a signal for caution, though bulls remain in control. As long as price holds above 1.3048, the uptrend structure stays intact. A rejection or bearish divergence here could trigger a pullback toward the 1.30–1.2960 zone.

Nasdaq (NQ1!)

Nasdaq Futures Consolidate Below 19,000 – Breakout Pending

Nasdaq holds below 18,976 resistance. RSI at 56 supports neutral bias. Breakout targets 19,300+, breakdown risks test of 17,945–17,911.

Nasdaq futures (NQ1!) are consolidating just under the 19,000 resistance, following a strong rebound from the 17,059 support. The RSI is stable at 56, showing neutral momentum and no signs of overbought conditions, supporting the current sideways price action. The 18,386–18,976 range is critical in the near term. A breakout above 18,976 would signal a push toward 19,300+, while a drop below 18,386 could lead to a retest of the 17,945–17,911 support zone. Price remains range-bound, awaiting a fundamental catalyst for direction.

S&P 500 (ES1!)

S&P 500 Futures Test 5,435 – Bulls Face Key Resistance

S&P 500 stalls below 5,535 after rebound. RSI at 57 shows mild bullish bias. Support at 5,204 is key; breakout could target 5,650.

S&P 500 futures (ES1!) are trading in a tight consolidation range, currently testing the 5,435 level following a strong recovery from the 4,831 low. Price is stalling below the critical 5,535 resistance, with RSI at 57 reflecting moderate bullish momentum, though signs of slowing are emerging. The 5,204 support level is pivotal—a breakdown could trigger a deeper correction, while a breakout above 5,535 may pave the way toward 5,650. The market remains at a technical inflection point, awaiting confirmation.