EUR/JPY

EUR/JPY ticked slightly lower today, easing back marginally after yesterday’s strong bullish attempt to escape the consolidation range. Since the price remains strictly confined inside the green box area, there is still no breakout to confirm a new trend. Because of this persistent lack of directional conviction, market participants are highly advised to stay on the sidelines and wait patiently for a clean daily close to signal the next structural direction.

Today’s critical levels to watch:

Support: 183.40

Resistance: 185.84, 190.00

EUR/GBP

The pair staged a notable recovery today, bouncing back firmly to claw back a portion of the heavy losses suffered during yesterday’s aggressive bearish breakdown. Currently, the 0.8500 level remains the critical line in the sand to watch. If the buyers can maintain this upward momentum and completely erase the breakdown, a bullish reversal is possible. Otherwise, failing to reclaim it could easily turn this broken support floor into a strong resistance barrier.

Today’s critical levels to watch:

Support: 0.8525, 0.8500

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY printed a fresh macro high today before undergoing a mild and highly anticipated bearish correction, hanging near its peak as momentum takes a brief breather. Rather than chasing the market at these extreme highs, traders should wait for a pullback to key support levels to find safer opportunities to add long positions. On the downside, the ascending blue trend line remains the primary structural level to watch if the price manages to decline.

Today’s Critical level to watch:

Support: 214.965, 211.50, 210.00

Resistance: 218.00

GBP/CHF

Today’s critical levels to watch:

Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599

Resistance: 1.0900