EUR/JPY
EUR/JPY dropped sharply after nearly two weeks of range-bound consolidation. While this sudden decline could serve as an early sign of a bearish continuation, price action remains broadly contained inside the established green box area. Market participants will need to wait for a decisive close outside of this horizontal boundary as the next key confirmation before anticipating a broader directional move.
Today’s critical levels to watch:
Support: 183.40, 180.00
Resistance: 185.84, 190.00
EUR/GBP
EUR/GBP climbed today and successfully staged a breakout above the green box consolidation area. This decisive upward move suggests that bulls have seized near-term control of market momentum. Moving forward, the 0.8620 level stands out as the next major resistance target for traders to monitor.
Today’s critical levels to watch:
Support: 0.8525, 0.8500
Resistance: 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
In tandem with other JPY pairs, GBP/JPY dropped sharply today after breaking down from its ascending trendline. This aggressive selling pressure could signal the start of a fresh bearish leg for the pair. Traders should watch closely for follow-through momentum near lower support zones to confirm whether sellers can maintain control.
Today’s critical level to watch:
Support: 214.965, 211.50, 210.00
Resistance: 218.00
GBP/CHF
GBP/CHF staged an initial bullish move during the session, but the pair subsequently pulled back lower to trade near its opening level. This price movement appears to have cleared stops above the previous bearish candlestick high rather than securing a sustained breakout. As a result, the market remains at a critical juncture where traders must evaluate whether price can build on its upward attempts or reverse lower to resume its overarching bearish trend.
Today’s critical levels to watch:
Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0900, 1.1060, 1.1100