EUR/JPY
EUR/JPY is trading slightly higher today, with price action moving inside the range of the previous bearish candlestick. Consolidation is expected to continue for now as market participants await clearer directional momentum. If the bullish correction extends further, the 180.00 mark could become the key resistance level to watch.
Today’s critical levels to watch:
Support: 178.00
Resistance: 180.00, 183.40, 185.84, 190.00
EUR/GBP
EUR/GBP is moving slightly higher today but remains largely confined within yesterday’s trading range. Traders are watching whether the pair will resume its bearish move toward 0.8525 and print a new lower swing low to confirm a bearish continuation. Alternatively, if price action climbs upward, a push higher could form a new higher swing high to test the 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
GBP/JPY is trading upward today, currently hovering near the high of its 5-day trading range. If buyers extend this upward movement, the broken swing low level around 211.50 could become the key resistance area to watch. Overall, we still expect the pair to continue lower after the consolidation or bullish correction completed.
Today’s critical level to watch:
Support: 208.00, 205.00
Resistance: 210.00, 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF tested the 1.1060 level earlier in the session and displayed immediate bearish reactions. Price action managed to stabilize after intraday ups and downs and is currently trading near its opening level. Positioned directly near this key resistance level, the focus remains on whether a bearish rejection or a bullish breakout will occur next.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100