EUR/JPY
EUR/JPY is facing noticeable bearish pressure in today’s trading session. However, the pair has not printed a new lower low just yet. Because of this resilience, the broader upward structure remains mostly intact for now. If the price continues to move lower, the ascending trend line is the critical level to watch. Specifically, buyers will likely step in to aggressively defend this dynamic support. A breakdown below it, however, would signal a much deeper correction.
Today’s critical levels to watch:
Support: 185.84, 183.40
Resistance: 190.00
EUR/GBP
EUR/GBP successfully extended its recent weakness by falling further below the 0.8700 mark. Although there is a minor bullish reaction today, the overall momentum remains heavy. Consequently, we might easily see more downward continuation in the upcoming sessions. If sellers maintain their control, the price will likely drop further down the chart. On the lower side, the 0.8580 to 0.8600 support zone is the primary target area to watch.
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 manages to stay relatively near its recent highs today. As a result, we could see the pair fully recover after last week’s sudden drop. However, the price is currently moving entirely inside the previous bearish candlestick’s range. Therefore, this inside-bar action indicates a temporary pause in market momentum. Traders will patiently wait for a clear breakout from this tight range before committing to new directional positions.
Today’s Critical level to watch:
Support: 211.50, 210.00, 208.00, 207.00
Resistance: 214.965
GBP/CHF
GBP/CHF has returned upward to test the critical 1.0600 resistance level once again. Currently, a clear trading range is officially established between the 1.0520 and 1.0600 boundaries. Because the price is heavily consolidating, market direction remains quite neutral. Consequently, traders are simply waiting for a definitive breakout to occur. A strong close beyond either of these borders will finally trigger the next major directional trend.
Today’s critical levels to watch:
Support: 1.0500, 1.03599
Resistance: 1.0600, 1.0660, 1.0800