EUR/JPY
Price action on EUR/JPY turned higher initially, but it reversed sharply and is now trading below the opening level. The pair remains hovering near yesterday’s low, signaling underlying bearish potential, though confirmation is still needed before taking new positions. A decisive move lower and close below yesterday’s low will validate the bearish scenario, while a recovery back above the opening level would invalidate immediate downside pressure.
Today’s critical levels to watch:
Support: 183.40, 180.00
Resistance: 185.84, 190.00
EUR/GBP
EUR/GBP is distancing itself from the 0.8580 resistance level as its consolidation phase remains ongoing inside the green box area. Price action continues to move neutrally within these horizontal boundaries. A decisive breakout above 0.8580 or a breakdown below 0.8525 will be required to confirm the next directional 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 is trading higher for the day but has pulled back off from its high. High volatility surrounding the U.S. dollar has also influenced other major currency pairs. Overall, not much structural change is seen on the pair, and it is likely to continue trading near current levels near support until a clearer breakout occurs.
Today’s critical level to watch:
Support: 214.965, 211.50, 210.00
Resistance: 218.00
GBP/CHF
GBP/CHF turned higher again and is currently trading near yesterday’s high. Despite this intraday push, the overall technical situation remains unchanged. Confirmation is still needed before establishing new directional positions, as price action continues to range near key levels.
Today’s critical levels to watch:
Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0900, 1.1060, 1.1100