EUR/JPY
EUR/JPY continues under bearish pressure with a new lower low, aligning with the bearish outlook where the pair is expected to move down and target the 127.2% Fibonacci extension level. Market momentum remains firmly in control of sellers as the pair tests new local extremes. This ongoing descent highlights the persistent downward trajectory observed across recent trading sessions.
Today’s critical levels to watch:
Support: 178.00
Resistance: 180.00, 183.40, 185.84, 190.00
EUR/GBP
EUR/GBP extended weakness below 0.8525, now resting at 0.8500. If broken, the price will target the 0.84536 swing low. Further downside continuation depends on whether sellers can maintain momentum below this psychological barrier. Additional market participants are watching these key zones closely for confirmation of a deeper decline.
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 consolidating for now after the bearish attempt showed bullish reactions at yesterday’s low. There is no change to the bearish outlook for the time being, and on the upside, 209.96 and 211.244 are the levels to watch. Price action suggests a temporary pause before the broader market trend resumes its course.
Today’s critical level to watch:
Support: 208.00, 205.00
Resistance: 210.00, 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF experienced strong bearish pressure, but the pair also produced the same reaction power as it moved back above the opening level. After yesterday’s strong bearish move and today’s reactions, the current situation is neutral, and it is best to wait for further confirmation. Traders should remain flexible as price action continues to weigh conflicting market signals.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100