EUR/JPY
Price action on EUR/JPY remains mostly ranging, with the pair moving entirely inside the previous day’s trading range. Consolidation is expected to continue for now near the top of the green box area and around the 61.8% Fibonacci retracement level (185.64). Traders should remain patient until a clear directional breakout occurs.
Today’s critical levels to watch:
Support: 183.40, 180.00
Resistance: 185.84, 190.00
EUR/GBP
EUR/GBP is making a more active bullish attempt toward the 0.8580 resistance level. Overall, price action remains contained within the green box consolidation area between 0.8525 and 0.8580. Market participants will continue watching how price reacts within this zone to determine the next major leg.
Today’s critical levels to watch:
Support: 0.8525, 0.8500
Resistance: 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
GBP/JPY experienced initial bearish pressure early in the session, but the pair managed to recover back toward its opening level. Because the drop was rejected, there is currently no strong bearish confirmation to validate a continuation lower. Further price action will be needed before establishing directional trades.
Today’s critical level to watch:
Support: 214.965, 211.50, 210.00
Resistance: 218.00
GBP/CHF
GBP/CHF is seeing bearish pressure after dropping below the previous day’s low. If downward momentum continues, the pair could attempt to print a new lower swing low or target a daily close below the 1.0800 major support level. Otherwise, as long as key support remains intact, the broader bullish correction outlook stays valid.
Today’s critical levels to watch:
Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0900, 1.1060, 1.1100