EUR/JPY
Price action on EUR/JPY continues to range near the top of the green resistance zone, hovering around the 61.8% Fibonacci retracement level at 185.64. Traders should remain on the sidelines for now. A turn lower accompanied by strong bearish momentum will indicate an opportunity to re-enter short positions. Conversely, a climb above this resistance area that forms a new higher swing high will invalidate the bearish scenario.
Today’s critical levels to watch:
Support: 183.40, 180.00
Resistance: 185.84, 190.00
EUR/GBP
EUR/GBP has established a clear consolidation range inside the green box area, bounded by resistance at 0.8580 and support near 0.8525. Price action remains neutral as the pair bounces between these key horizontal levels. A decisive breakout above 0.8580 or a breakdown below 0.8525 will be required to confirm the next directional leg.
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 displaying bearish reactions after price fell below the previous session’s low, signaling a potential bearish continuation. On the lower side, a daily close below the major 215.00 support level (100% Fibonacci level at 214.97) would serve as the primary confirmation for a deeper decline.
Today’s critical level to watch:
Support: 214.965, 211.50, 210.00
Resistance: 218.00
GBP/CHF
The bullish correction in GBP/CHF remains ongoing following the prior massive bearish move, with price hovering around the 127.2% Fibonacci extension level at 1.0934. Confirmation is needed before taking new positions, as the recovery could extend higher toward the 1.1060 – 1.1100 target region, or break below key support at 1.0800 (100% Fibonacci level) to initiate a fresh bearish leg.
Today’s critical levels to watch:
Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0900, 1.1060, 1.1100