EUR/JPY
EUR/JPY remains mostly contained within the previous day’s range, showing a brief attempt to push above the high. The technical situation remains unchanged compared to yesterday, and the market continues to consolidate. Under current situation, it is better wait at the sideline until major reaction happen.
Today’s critical levels to watch:
Support: 183.40
Resistance: 185.84, 190.00
EUR/GBP
EUR/GBP shows a minor bullish attempt today, but it lacks significant upward pressure. Should the pair manage to continue this move, it may target the upper range at 0.8700. The overall outlook remains consistent with expectations of testing multiple historical lows. Breakout below the lows, will open the path toward 0.8580 – 0.8600 area.
Today’s critical levels to watch:
Support: 0.8600, 0.8580
Resistance: 0.8700, 0.8750, 0.8800, 0.8850, 0.8920
GBP/JPY
GBP/JPY is trading mostly sideways today and currently remains near the opening level. The pair continues to exhibit the broader trends seen within the Yen-cross complex. It might continue the slow upward grind and traders will stay cautious of possible intervention by BOJ.
Today’s Critical level to watch:
Support: 211.50, 210.00, 208.00, 207.00
Resistance: 214.965
GBP/CHF
GBP/CHF is experiencing bearish pressure at the top of the green box area. The pair is currently respecting the range and trading near the 1.0600 level, with market participants continuing to wait for further reactions. Traders will wait for close above the previous swing high to confirm bullish continuation. On the other hand, traders could also use the green box area to do range trading strategies.
Today’s critical levels to watch:
Support: 1.0600, 1.0500, 1.03599
Resistance: 1.0660, 1.0800