EUR/JPY
EUR/JPY remains mostly unchanged with minimal movement as price action sticks near recent lows, keeping the pair positioned to potentially extend its downside momentum. Should a temporary bullish correction materialize, traders can use the opportunity to re-establish short positions in line with the overarching trend. A clear breakdown below this current consolidation floor would further confirm seller dominance and open the path toward lower support levels.
Today’s critical levels to watch:
Support: 178.00
Resistance: 180.00, 183.40, 185.84, 190.00
EUR/GBP
EUR/GBP has extended its downward path, which could mark the start of a new bearish leg aiming for a fresh lower swing low. Traders currently holding short positions will look to maintain their stop orders above the 0.8600 – 0.8620 resistance zone to safeguard against unexpected reversals. Sustained price action below this key ceiling keeps the broader technical bias firmly tilted to the downside.
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 staging a slight recovery following Friday’s sharp drop, though overall momentum remains constrained. The pair is currently trading within Friday’s range and may continue moving sideways in the near term as market participants await directional cues from this week’s FOMC meeting. A decisive breakout above or below this holding pattern will likely be required to spark the next major trend leg.
Today’s critical level to watch:
Support: 208.00, 205.00
Resistance: 210.00, 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF is experiencing mild bearish pressure following a strong upward move toward its 1.1060 – 1.1100 target range. On any short-term pullbacks, the top of the green box area and the recently broken swing high will serve as the immediate support levels to watch. Holding above these key structural zones would keep the broader bullish trend intact for another potential push higher.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100