Forex Technical Cross Pairs Analysis | May 08, 2026

EUR/JPY

The EUR/JPY pair is currently trading upward but remains firmly entrenched within its broader consolidation range. Despite the minor intraday gains, the technical situation has not changed significantly. The pair continues to oscillate without a clear directional breakout, indicating that the neutral consolidation period remains intact.

FBS The Best Forex Broker

Today’s critical levels to watch:

Support: 183.40

Resistance: 185.84, 190.00

EUR/GBP

EUR/GBP cross is trending lower today, though price action remains contained within yesterday’s range. This “inside day” movement suggests that while the downward pressure persists, the bears lack the immediate momentum to push for a significant breakout. The pair remains on track for lower levels, but volatility is capped for the time being.

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 pair has shown some upward movement, managing to climb above yesterday’s high. However, this recovery is currently contained within the body of the previous bearish candlestick. This indicates that while buyers are attempting to reclaim ground, the overall bearish pressure from the recent slide still looms large over the current price action.

Today’s Critical level to watch:

Support: 211.50, 210.00, 208.00, 207.00

Resistance: 214.965

GBP/CHF

GBP/CHF pair is seeing slight bullish reactions near the middle of its identified green box support range. Despite this localized strength, upside potential remains capped below the 1.06000 resistance level. The technical situation is essentially unchanged; traders are waiting for a definitive close below the support box or a new higher swing high to confirm the next major trend.

Today’s critical levels to watch:

Support: 1.0500, 1.03599

Resistance: 1.0600, 1.0660, 1.0800

Copyright © 2026. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.