EUR/JPY
EUR/JPY remains in a strong bullish structure after the BOJ-driven breakout. Price is consolidating near the recent high after failing to extend immediately toward the 161.8% Fibonacci Extension level. Despite short-term selling pressure, there is no bearish rejection or structural breakdown so far, indicating buyers are still in control. If a bearish correction develops, traders could continue to look for bullish reactions near the broken swing high around the 183.10 area.
Today’s critical levels to watch:
Support: 183.40, 182.00, 180.54, 180.00
Resistance: 185.84
EUR/GBP
EUR/GBP continues to trade sideways near the rising trend line and the 0.8750 level. Price action remains indecisive, with repeated tests of support and resistance but no clear directional commitment. Buyers are still defending the 0.8750 level, while sellers remain active near the recent highs. Traders will continue to wait for a daily close confirmation to determine the next move.
Today’s critical levels to watch:
Support: 0.8750, 0.8700, 0.8600
Resistance: 0.8800, 0.8850, 0.8920
GBP/JPY
GBP/JPY remains bullish after the strong post-BOJ rally and continues to trade near the recent high. The pair has already reached the 161.8% Fibonacci Extension and is now consolidating with no meaningful bearish follow-through. As long as price stays above the previous breakout area, traders who hold long positions will continue to maintain positions and manage risk accordingly. 206.743 is the level to place stop order in case of bearish breakdown.
Today’s Critical level to watch:
Support: 208.00, 207.00, 205.00
Resistance: 210.00
GBP/CHF
GBP/CHF shows a slight upward movement today but remains capped near last Friday’s high. Price attempted to extend higher but lacks strong follow-through, indicating the sideways situation will continue. Will the pair climb and close above 1.066 to resume the upward movement? Alternatively, will it extend the bearish movement, print a new lower low and confirm a bearish continuation?
Today’s critical levels to watch:
Support: 1.0600, 1.0500
Resistance: 1.0660, 1.0800, 1.1000, 1.1200