EUR/JPY
EUR/JPY has paused its momentum following a sharp two-day decline, entering a short-term consolidation phase around current levels. The pair is expected to trade flat temporarily before resuming its overarching bearish trajectory. A sustained move below immediate support would clear the path toward the 161.8% Fibonacci extension target.
Today’s critical levels to watch:
Support: 183.40, 180.00
Resistance: 185.84, 190.00
EUR/GBP
Despite recent bearish pressure, EUR/GBP managed to bounce off the green support zone and push higher. The pair remains on track to test the key 0.8600 – 0.8620 resistance area in the near term. If a clean bearish rejection materializes around this overhead supply zone, traders could consider positioning for short setups to realign with the broader trend.
Today’s critical levels to watch:
Support: 0.8525, 0.8500
Resistance: 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
In line with the broader Japanese Yen crosses, GBP/JPY has entered a brief consolidation phase following a steep downward drop. The pair is likely to trade sideways in the short term to digest recent losses before resuming its downward movement. A firm breakdown beneath the current consolidation range will open the door for another leg lower toward key support targets.
Today’s critical level to watch:
Support: 214.965, 211.50, 210.00
Resistance: 218.00
GBP/CHF
GBP/CHF is staging a mild recovery today following yesterday’s bearish close. Price action remains largely confined within yesterday’s trading range, suggesting the pair may settle and consolidate inside this defined boundary for now. Until a decisive breakout occurs, near-term price action is expected to remain range-bound.
Today’s critical levels to watch:
Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0900, 1.1060, 1.1100