EUR/JPY

EUR/JPY is showing slight bullish momentum in today’s trading session. However, the pair is moving entirely inside yesterday’s daily range. Consequently, there is not much significant change in the market just yet. The price is simply consolidating its recent moves right now. Therefore, traders will patiently wait for a definitive breakout to occur before committing to a new position.

Today’s critical levels to watch:

Support: 185.84, 183.40

Resistance: 190.00

EUR/GBP

EUR/GBP made a brief bullish attempt earlier today. However, the pair quickly reversed its initial upward movement. Specifically, it is currently trading lower but still remains above yesterday’s low. If there is no major change to this technical situation, the underlying bearish trend will persist. Consequently, the 0.8580 to 0.8600 zone becomes the primary downside target area.

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 is exhibiting mild bullish price action today. However, it is also moving entirely inside yesterday’s established range. Because there is no clear breakout, we do not have real confirmation yet. If buyers fail to step up and print a new higher high, the ranging situation will continue. Therefore, traders should avoid entering premature positions until the market shows its hand.

Today’s Critical level to watch:

Support: 211.50, 210.00, 208.00, 207.00

Resistance: 214.965

GBP/CHF

GBP/CHF successfully managed a breakout above the 1.0600 level today. As a result, the pair now has a strong chance to continue toward the 1.066 resistance level. However, we have carefully marked a green box area on the chart. Specifically, this box highlights where the recent heavy consolidation happened. Therefore, the price absolutely needs to break out from this specific range to fully confirm the next major direction.

Today’s critical levels to watch:

Support: 1.0500, 1.03599

Resistance: 1.0600, 1.0660, 1.0800