EUR/JPY
EUR/JPY pair made another attempt to push lower today, but the move lacked follow-through. The pair bounced strongly from its lows and is currently trading back above its opening level. Despite this sharp intraday recovery, the price action remains fully contained inside yesterday’s trading range, suggesting a temporary pause as the market consolidates.
Today’s critical levels to watch:
Support: 183.40
Resistance: 185.84, 190.00
EUR/GBP
There has been no definitive breakdown below the multiple structural lows for EUR/GBP, indicating that the immediate horizontal support floor is holding firm. This successful defense suggests the pair may move upward to retest its descending trend line again. Traders will likely continue to observe the price action closely within the current triangle area for a clearer breakout signal.
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 price action seen in EUR/JPY, GBP/JPY appears to be in a temporary pause phase before potential further downside develops. The overall technical picture for Yen pairs remains highly mixed at the moment; while USD/JPY continues to climb and print fresh higher highs, other Yen crosses like GBP/JPY remain noticeably under pressure.
Today’s Critical level to watch:
Support: 211.50, 210.00, 208.00, 207.00
Resistance: 214.965
GBP/CHF
GBP/CHF staged a clean, defensive bounce from the top of the green box area and has now successfully returned above the 1.0666 level. Having reclaimed this pivotal structural threshold, the technical layout suggests the pair is set to continue its broader upward movement in the upcoming sessions.
Today’s critical levels to watch:
Support: 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0800