EUR/JPY
EUR/JPY has initiated a minor bullish correction, with price action pointing toward the 180.00 level as a potential upside target. Despite this temporary counter-trend move, the overarching technical structure remains firmly bearish. Consequently, traders will continue viewing each bullish retracement as a strategic opportunity to re-establish short positions in line with the broader trend.
Today’s critical levels to watch:
Support: 178.00
Resistance: 180.00, 183.40, 185.84, 190.00
EUR/GBP
EUR/GBP is currently hovering near the middle of the 0.8580 – 0.8600 range as price action enters a temporary holding pattern. The market reflects equilibrium between buyers and sellers, leaving the pair without a clear immediate trajectory. For now, traders will likely stay on the sidelines and await the completion of this consolidation phase before committing to a directional bias.
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 EUR/JPY, GBP/JPY is undergoing a bullish correction and may target a retest of its previously broken low around the 209.54 mark. If the upward recovery extends higher, the 210.00 resistance area serves as the next critical level to watch. Because the broader trend remains tilted to the downside, any sustained corrective rally is expected to invite renewed selling pressure.
Today’s critical level to watch:
Support: 208.00, 205.00
Resistance: 210.00, 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF continues its gradual upward grind by forming a succession of higher lows, even as it struggles to print a fresh higher high. Given this underlying price structure, the pair may eventually stage a bullish breakout above its current range. However, should the technical pattern fail and price action register a new lower low, it would signal a trend reversal and invalidate the current build-up.
Today’s critical levels to watch:
Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0900, 1.1060, 1.1100