EUR/JPY
EUR/JPY pair continues trading upward today, successfully erasing the recent losses caused by the previous bearish engulfing candlestick. Despite this bullish push, the price action remains trapped inside the overall range of that engulfing candle. This confined movement suggests that more waiting is required before a clear directional bias emerges, particularly as market participants navigate a heavy week of scheduled events, including the upcoming Bank of Japan policy meeting.
Today’s critical levels to watch:
Support: 183.40
Resistance: 185.84, 190.00
EUR/GBP
EUR/GBP made another bullish attempt during today’s session. While the daily candle features a slight long tail above—indicating some intraday selling pressure—the body of the candle demonstrates more underlying strength compared to recent days. Nevertheless, the broader technical situation remains unchanged: the pair is locked in an ongoing consolidation phase near its multiple structural support lows.
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 made a firm bullish attempt today, printing a new higher high in the process. However, much like EUR/JPY, the pair is still consolidating inside the overarching range of its recent bearish engulfing candlestick. The pressing question now is whether the pair will successfully break upward to cancel the bearish pattern, or if it will face rejection and turn lower once again amid the broader central bank super-week volatility.
Today’s Critical level to watch:
Support: 211.50, 210.00, 208.00, 207.00
Resistance: 214.965
GBP/CHF
GBP/CHF opened lower today, marked by an initial bearish attempt that pushed the price below Friday’s low. Printing this new lower low could potentially invite more sustained bearish pressure in the coming sessions. As of now, the broader context shows that the pair is essentially consolidating near the key 1.066 level. Traders will need to see a decisive close away from this pivot to confirm the next directional leg.
Today’s critical levels to watch:
Support: 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0800