EUR/JPY
EUR/JPY experienced some slight bearish pressure earlier today, but the pair has effectively returned to its opening level, indicating a lack of immediate directional momentum. The ongoing consolidation pattern remains firmly in place, and we expect this ranging movement to continue for the time being. Market participants should remain cautious, as no breakout has occurred yet to signal a definitive shift in trend.
Today’s critical levels to watch:
Support: 183.40
Resistance: 185.84, 190.00
EUR/GBP
The pair’s bullish recovery continues today, with the price successfully reaching the significant 0.8500 level. Sellers are currently stepping in to cap the upside, clearly aiming to prevent a total recovery that could otherwise trigger a broader bullish trend reversal. Traders should monitor this level closely to see if the bulls can sustain the momentum or if the bears will force another leg lower.
Today’s critical levels to watch:
Support: 0.8525, 0.8500
Resistance: 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
GBP/JPY faced notable bearish pressure earlier, pulling back toward the previous swing high before managing to find support and bounce back. It is currently trading not far from the opening level, but because the price is still hanging near its recent highs, there is a risk of either further upside continuation or a sharp bearish reversal. Given this uncertainty, most traders are opting to stay on the sidelines until a clearer market signal emerges.
Today’s Critical level to watch:
Support: 214.965, 211.50, 210.00
Resistance: 218.00
GBP/CHF
There is strong bearish pressure on the pair today, which looks likely to trigger a technical correction down toward the 1.0800 support level. If the price does reach this key horizontal level, traders should be patient and wait for clear signs of bullish reaction before considering any new long positions. This dip could offer a better entry point, provided the structural uptrend remains intact at support.
Today’s critical levels to watch:
Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0900