EUR/JPY
The EUR/JPY pair has successfully printed a fresh lower low backed by strong bearish momentum. With the sellers firmly in control, the pair stands a solid chance to continue its downward trajectory and officially resume its broader bearish trend. From a structural perspective, the only development that will cancel this bearish outlook is if the bulls manage to break higher and establish a new higher swing high.
Today’s critical levels to watch:
Support: 183.40
Resistance: 185.84, 190.00
EUR/GBP
EUR/GBP successfully charted a new lower low beneath its long-standing multiple lows, indicating that the bears are gaining a distinct technical edge. Even though the pair managed to close slightly above its opening level by the end of the day, further downside attempts are expected. However, if the pair manages a strong bullish reversal from here, the prominent descending trend line will continue to serve as the key resistance level to watch.
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 maintains a generally bearish tone, though it has yet to print a definitive new lower swing low. In stark contrast to USD/JPY, which continues to post steady gains, and EUR/JPY, which recently logged a new lower low, GBP/JPY appears to be moving in a much more stable and consolidated manner for the time being.
Today’s Critical level to watch:
Support: 211.50, 210.00, 208.00, 207.00
Resistance: 214.965
GBP/CHF
GBP/CHF pair spent the session trading mostly inside Tuesday’s established price range, showing minor signs of consolidation. The broader structural bias remains positive, and expectations favor more upside once the market finds its next catalyst. For now, traders are likely waiting for a clear directional trigger before committing to new long positions.
Today’s critical levels to watch:
Support: 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0800