Chart the Market (29/04/2026)

Dow Jones, H4:                                                               

The Dow Jones Industrial Average is recovering within a broader corrective structure, but momentum is starting to fade after the recent rebound.The most important development here is the rejection near the 50,100 resistance zone aligned with the Fibonacci retracement area. Price failed to sustain above this level and is now pulling back, suggesting that sellers are still active at higher levels.

Price is currently trading around 48,800–49,000, sitting below the 48,200 pivot zone. If this level fails to hold, the next downside targets come in at 47,135, followed by a deeper move toward the 45,170 support zone, which previously acted as a strong demand area.On the upside, resistance remains firm at 50,000, and a clean break above this level would be required to shift momentum back into a stronger bullish continuation phase.

Momentum indicators are showing signs of weakening. The RSI has rolled over from higher levels and is trending lower, while the MACD is crossing down with increasing negative histogram indicating bearish momentum building after the rebound.

Overall, the Dow is in a recovery phase within a larger corrective trend, but with momentum fading, the bias is shifting toward a potential short-term downside continuation unless price can reclaim higher resistance levels.

Resistance Levels: 50,100.00, 51,600.00

Support Levels: 48,210.00, 47,135.00

USDJPY,  H4

USDJPY is breaking out with strong bullish momentum, pushing above a key resistance zone and extending its recent uptrend.The most important development here is the decisive break above the 160.40 resistance level, which previously capped price multiple times. This breakout signals a shift into bullish continuation, with buyers firmly in control and momentum accelerating to the upside.

Price is currently trading around 160.70, holding above the breakout level. As long as price remains above 160.40, the bullish structure stays intact. Immediate support now sits at 159.80, followed by 159.15, where prior consolidation and structure align.On the upside, with resistance now cleared, price is entering a more open range, with the next psychological targets around 161.00 and 162.00.

Momentum indicators strongly support the move. The RSI is pushing into overbought territory near 72, reflecting strong buying pressure, while the MACD is expanding positively with increasing histogram bars indicating accelerating bullish momentum.

Overall, USDJPY is in a strong bullish expansion phase, with continuation favored as long as price holds above the breakout zone.

Resistance Levels: 161.00, 161.50

Support Levels: 160.40, 159.80