EUR/JPY
EUR/JPY recovered after experiencing initial bearish pressure during the session, with the pair pushing back up to trade above its opening level. Despite this intraday rebound, the overall ranging situation continues for now as price action remains largely confined within recent parameters. Market participants appear hesitant to drive price far in either direction, resulting in a prolonged consolidation phase. A clear breakout above local resistance or below support will be required to establish a fresh directional trend.
Today’s critical levels to watch:
Support: 176.00, 175.50
Resistance: 178.00, 180.00, 183.40, 185.84, 190.00
EUR/GBP
EUR/GBP continues to stay at its swing low and looks poised to extend its ongoing weakness in the coming sessions. The pair is gradually edging closer to the key 0.8435 support level, where buyers may attempt to make a defensive stand. If no bullish reactions or reversal signals materialize around this threshold, we might see the pair continue its downward descent toward 0.8400. Sellers remain in full control of the prevailing structure, keeping any potential upside pullbacks capped.
Today’s critical levels to watch:
Support: 0.8450, 0.8400
Resistance: 0.8500, 0.8525, 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
GBP/JPY is consolidating and appears to be building bullish pressure as price compresses within a tightening range. The market is currently forming a sequence of lower highs and higher lows, signaling an impending volatility squeeze. Given this coiling structure, we might see a breakout materialize soon as momentum accumulates near key boundaries. Traders should monitor price behavior closely around resistance and support pivots to catch the next directional move.
Today’s critical level to watch:
Support: 208.00, 205.00
Resistance: 210.00, 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF extended its bullish move with a small gain, maintaining its steady upward trajectory. Price action can currently be seen trading near the top boundary of the highlighted green box area, demonstrating persistent buyer interest. Traders will likely continue holding to bullish positions for now, as the broader market structure remains favorably aligned to the upside. This bullish outlook remains valid until a new lower swing low is formed to signal a structural trend change.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100