EUR/JPY

EUR/JPY is under strong bearish pressure, evidenced by the long tail on the recent candle which suggests some buying interest at lower levels. However, the pair ultimately closed near the open/close levels of the previous four candles, indicating a state of indecision. Specifically, the pair is heavily consolidating right around the 183.40 (38.2% Fibonacci retracement) level. Because the market is still digesting the recent volatility and suspected intervention, traders are waiting for official confirmation or fresh policy clues. Until a clear breakout occurs, the pair will likely continue trading inside this tight range.

Today’s critical levels to watch:

Support: 183.40

Resistance: 185.84, 190.00

EUR/GBP

EUR/GBP showed some bullish movement during today’s session, but the price remains confined within its established consolidation range. Despite the minor uptick, the broader bearish bias remains the dominant theme. The pair is expected to eventually resume its downward movement, with sellers likely targeting the 0.8580 – 0.8600 support zone next. For now, traders should remain patient as the sideways grind continues, looking for any short-term bounces to potentially offer better entry points for short positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8800, 0.8850, 0.8920

GBP/JPY

The situation for GBP/JPY mirrors that of EUR/JPY, with the pair stuck in a clear pause mode following recent sharp declines. The price is currently consolidating near the 212.00 (61.8% Fibonacci retracement) level. With the market still reeling from suspected BOJ intervention, the directional bias remains highly uncertain. Both bulls and bears appear to be sitting on the sidelines, awaiting a definitive signal or official confirmation of further central bank action. Expect the pair to continue ranging until a catalyst triggers a breakout.

Today’s Critical level to watch:

Support: 211.50, 210.00, 208.00, 207.00

Resistance: 214.965

GBP/CHF

GBP/CHF is facing increased bearish pressure today, potentially targeting the bottom of the green support box near the 1.0539 level. Despite this downward drift, as long as the pair does not print a new lower swing low, the possibility of a bullish continuation remains on the table. The price is currently hovering near the 1.0600 pivot, and traders are waiting for a clear reaction. A solid bounce from this area could revive the bullish outlook, while a clean breakdown below the current support zone would confirm a bearish reversal.

Today’s critical levels to watch:

Support: 1.0600, 1.0500, 1.03599

Resistance: 1.0660, 1.0800