EUR/JPY
EUR/JPY continues to extend its downward trajectory, having reached and broken through its previous swing low level. The market structure has shifted decisively bearish, keeping the technical bias tilted toward further downside expansion. Under current market dynamics, price action points toward the 161.8% Fibonacci extension target, suggesting traders could continue holding short positions.
Today’s critical levels to watch:
Support: 183.40, 180.00
Resistance: 185.84, 190.00
EUR/GBP
EUR/GBP is pressing lower toward the green support zone, currently testing the critical 0.8580 level. The primary focus now is whether sellers will drive price lower through this boundary to resume the broader bearish move. Alternatively, a defensive hold around current levels could spark another upward attempt to retest the overhead 0.8600 – 0.8620 resistance area.
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 other Japanese Yen crosses, GBP/JPY is facing sustained downside pressure as broad Japanese Yen strength accelerates. The ongoing decline reflects a significant momentum shift away from previous bullish structures. Looking ahead, the pair is expected to maintain this downward trajectory over the medium-to-long term.
Today’s critical level to watch:
Support: 214.965, 211.50, 210.00
Resistance: 218.00
GBP/CHF
GBP/CHF remains locked in a tight consolidation phase, trading largely within the boundaries of its two-day price range. With no clear breakout materializing yet, price action reflects temporary equilibrium between buyers and sellers. A decisive close beyond this holding pattern will be required to signal the pair’s next directional move.
Today’s critical levels to watch:
Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0900, 1.1060, 1.1100