EUR/JPY

EUR/JPY continues to trade inside the large bearish candlestick range, indicating that the market remains in a sideways phase. The bullish structure is still valid as long as the price stays above the bearish candlestick low and the rising trend line. If buyers return, the pair may attempt another push toward 183.40. On the other hand, if there is a deeper correction, traders will focus on the lower Fibonacci levels and the trend line as potential areas where new demand may appear.

Today’s critical levels to watch:

Support: 180.54, 180.00, 178.765, 175.00,

Resistance: 182.00

EUR/GBP

EUR/GBP made a strong downward move today and broke below the rising trend line, signaling a possible major bearish reversal. If the bearish pressure continues, the pair may move toward the next support levels near 0.8700 and 0.8600. Any bullish recovery toward the broken trend line may act as a retest area where sellers could re-enter. For now, the bias has shifted to bearish unless the pair returns above the trend line again.

Today’s critical levels to watch:

Support: 0.8700, 0.8600

Resistance: 0.8750, 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY continues to move upward and remains supported by strong bullish momentum. The pair is getting near the recent top and will test it. We expect the pair to continue upward and target 161.8% Fibonacci Extension level. On the lower side, a new lower swing low below 205.29 might confirm the start of deeper bearish correction.

Today’s Critical level to watch:

Support: 205.00, 200.00, 198.00, 195.00

Resistance: 207.00

GBP/CHF

GBP/CHF shows early signs of bullish reversal after breaking out of the descending channel. The pair is now trading above the 1.0660 level, which is the first confirmation of a potential trend change. However, the pair still needs more bullish follow-through before confirming a stronger reversal. Traders may continue observing how the price behaves at 1.066. If upward movement continues, 1.0800 is the next target.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200