EUR/JPY

EUR/JPY has successfully ended its brief pause and resumed its upward trajectory by printing a new higher high today. This move confirms that the bullish structure remains robust and buyers are still fully in control. With momentum picking up again, traders will continue to monitor the Fibonacci extension level at 188.46 as the immediate upside target, followed by the psychological 190.00 level and the 190.56 area.

Today’s critical levels to watch:

Support: 185.84, 183.40

Resistance: 190.00

EUR/GBP

EUR/GBP already slipped below the 0.8700 level as of yesterday. While the pair is showing a slight bullish movement today, there is actually not much significant momentum overall. For now, it is expected that the pair might just continue to trade near the 0.8700 mark. Unless the pair can climb back up and print a new higher swing high to cancel the current bearish scenario, the risk of further downside movement remains.

Today’s critical levels to watch:

Support: 0.8700, 0.8600, 0.8580

Resistance: 0.8750, 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY broke out of its flat consolidation phase and printed a new higher high today, signaling a strong continuation of the recent bullish trend. The upward structure remains firmly intact as the pair continues to march higher. The pair still has plenty of potential to extend its gains, with traders locking their sights on upside targets at 217.08 and 219.77 based on the Fibonacci extension levels. Yesterday’s resistance will now serve as immediate support in the event of a minor pullback.

Today’s Critical level to watch:

Support: 211.50, 210.00, 208.00, 207.00

Resistance: 214.965

GBP/CHF

GBP/CHF pushed slightly higher today, managing to print a new higher high that was just a little bit above yesterday’s peak. However, the pair could not sustain the advance, and the price has since moved back down. As a result, the ongoing consolidation near the 1.0600 area remains firmly in play. The market is still reflecting indecision, and the next directional move will depend on a more convincing breakout from this current range.

Today’s critical levels to watch:

Support: 1.0500, 1.03599

Resistance: 1.0600, 1.0660, 1.0800