EUR/JPY
The pair continues to show a bearish follow-through, though it has managed a slight recovery to trade near the opening level. Despite this minor bounce, the prevailing sentiment remains skewed to the downside, with the chart indicating that sellers are still in control of the broader trend. We expect the pair to continue moving lower, as Yen strength remains a dominant theme in the current market environment.
Today’s critical levels to watch:
Support: 183.40
Resistance: 185.84, 190.00
EUR/GBP
Today’s session has seen a bullish move, yet the price action remains largely contained within the range established last Friday. Looking at the chart, the pair is currently under pressure following weak industrial data from Germany, which continues to weigh on the Euro. On the lower side, the multiple lows serve as the immediate support level to monitor for a potential test
Today’s critical levels to watch:
Support: 0.8600, 0.8580
Resistance: 0.8700, 0.8750, 0.8800, 0.8850, 0.8920
GBP/JPY
Similar to the situation seen in EUR/JPY, this pair has made a bearish attempt following the recent bearish engulfing candle pattern. The pair has settled above recent lows but remains under pressure due to renewed strength in the Japanese Yen and concerns regarding potential official intervention. Given the technical setup, we expect the bearish momentum to persist and the pair to drift further lower.
Today’s Critical level to watch:
Support: 211.50, 210.00, 208.00, 207.00
Resistance: 214.965
GBP/CHF
The pair is currently showing a bullish move, testing the upper boundary of the green box area identified on the chart. The key question for traders now is whether the pair has sufficient momentum to finally extend the upward movement to test the 1.066 level. While the pair exhibits resilience, consolidation within this zone remains the primary narrative until a clear breakout occurs
Today’s critical levels to watch:
Support: 1.0600, 1.0500, 1.03599
Resistance: 1.0660, 1.0800