EUR/JPY
Price reached the rising trend line and showed an initial bounce reaction. A short-term push higher is possible, but the structure has shifted bearish after printing a lower swing low. Overall bias remains to the downside unless price reclaims the previous lower high. Traders will observe the pair reactions near the trendline, a new lower swing high might confirm another attempt below the trendline.
Today’s critical levels to watch:
Support: 180.54, 180.00
Resistance: 182.00, 182.583, 183.40, 185.84
EUR/GBP
The pair continues to consolidate, but recent price action shows increasing bullish pressure within the range. The 0.8750 level remains key resistance and is likely to be tested again. A daily close above 0.8750 would confirm a structural shift toward bullish continuation. Until that happens, the broader structure remains bearish, and rejection from that level would favor another move back toward the lower boundary of the range.
Today’s critical levels to watch:
Support: 0.8700, 0.8600
Resistance: 0.8750, 0.8800, 0.8850, 0.8920
GBP/JPY
After the recent decline, price is attempting to stabilize and form a base. There is no strong bullish momentum yet, indicating that buyers are still cautious. The pair may trade sideways in the near term while the market reassesses direction. Any bounce is likely to face resistance below 210.00 unless momentum strengthens significantly. A failure to build higher lows would keep the downside pressure intact.
Today’s Critical level to watch:
Support: 208.00, 207.00
Resistance: 210.00, 211.50, 214.965
GBP/CHF
The pair remains under steady bearish pressure, with no meaningful bullish reversal signal. Lower highs and lower lows continue to define the structure. As long as price stays below recent breakdown levels, the path of least resistance remains to the downside. If momentum persists, the market is likely to target a new lower swing low in the coming sessions.
Today’s critical levels to watch:
Support: 1.0600, 1.0500
Resistance: 1.0660, 1.0800, 1.1000, 1.1200