EUR/JPY
EUR/JPY continues to exhibit resilient bullish momentum, steadily marching upward. Buyers remain firmly in the driver’s seat, driving the price action higher with their sights set on testing the high near the 187.50 area. Nothing changed yet for now, but traders will stay cautious as the pair getting near the top of bearish intervention candlestick by BOJ.
Today’s critical levels to watch:
Support: 183.40
Resistance: 185.84, 190.00
EUR/GBP
EUR/GBP successfully extended its bullish recovery today, building on the positive momentum generated after staging a clean bounce from the 0.8620 horizontal support level. The immediate price action demonstrates renewed buying interest. If buyers can sustain this upward pressure, the pair is poised to target a retest of the major 0.8700 level next. Conversely, a failure to maintain this upward pressure could see the price rotate back down to retest the 0.8600 – 0.8620 area.
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 experienced a wave of bearish pressure yesterday, dropping lower as market participants exhibit growing anxiety near the bearish candlestick level where BOJ intervention happened. This nervous sentiment could fuel ongoing profit-taking and spark a period of choppy consolidation or a deeper short-term retracement. A clear breakout and daily close above immediate resistance will be required to clear this psychological hurdle and resume the uptrend.
Today’s Critical level to watch:
Support: 211.50, 210.00, 208.00, 207.00
Resistance: 214.965
GBP/CHF
GBP/CHF remains tightly locked within a persistent sideways consolidation phase, displaying a clear lack of directional momentum on the daily chart. We could expect the pair to consolidate inside the box area with bearish tendencies. Traders will wait for breakout from the range or new lower swing low / higher swing high to form to confirm next direction.
Today’s critical levels to watch:
Support: 1.0500, 1.03599
Resistance: 1.0600, 1.0660, 1.0800