EUR/JPY
Price action on EUR/JPY experienced early bearish pressure, but the pair managed to bounce sharply and is now trading above its opening level. It seems the expected bearish continuation will not happen just yet. Traders will need to wait for further price developments near key levels before confirming whether buyers can build on this recovery or if range-bound behavior will persist.
Today’s critical levels to watch:
Support: 183.40, 180.00
Resistance: 185.84, 190.00
EUR/GBP
After previous Friday’s drop, EUR/GBP climbed today and erased all of its losses. The pair continues its ongoing consolidation phase inside the green box area, and we might see price continue trading near the 0.8580 resistance level. Market participants should keep watching how price reacts within these horizontal boundaries to confirm the next major 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 trading slightly lower for the day but has moved well off its session low. There is no strong conclusion on the next overall direction yet as the pair remains hovering near its ascending trendline support. On the upside, if the pair prints a new higher swing high, it could continue higher; otherwise, near-term consolidation remains the baseline scenario.
Today’s critical level to watch:
Support: 214.965, 211.50, 210.00
Resistance: 218.00
GBP/CHF
GBP/CHF made a bullish attempt during the session, but the pair remains mostly sideways near the 127.2% Fibonacci extension level. There is no change to the overall technical situation for now. Confirmation is still required before establishing new positions, as price action continues to move without strong directional momentum.
Today’s critical levels to watch:
Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0900, 1.1060, 1.1100