EUR/JPY
EUR/JPY turned upward after a two-day bearish move, but price action remains firmly bound within its consolidation boundaries. The pair needs to break key parameters before establishing its next major directional phase. Traders should wait for clear confirmation of either a new higher swing high or a lower swing low to validate market control.
Today’s critical levels to watch:
Support: 175.50
Resistance: 176.00, 178.00
EUR/GBP
EUR/GBP stays flat, holding price action not far from the key 0.8325 horizontal level. The pair is actively consolidating near this major target zone as market participants evaluate dynamic support. Traders will wait for further reactions or a decisive breakout from this area before initiating fresh positions.
Today’s critical levels to watch:
Support: 0.8325
Resistance: 0.8400, 0.8450, 0.8500, 0.8525, 0.8580
GBP/JPY
GBP/JPY has returned inside its rising wedge pattern and turned higher again to challenge the top of the technical structure. If price encounters strong resistance and breaks below the lower trendline, the bearish reversal pattern will be set in motion. Until that downside breach occurs, the pair remains constrained within converging trendlines.
Today’s critical level to watch:
Support: 210.00, 208.00, 205.00
Resistance: 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF proved highly volatile today, with the pair rising strongly during the session. This upside move returned price back inside the triangle pattern, signaling that there is no conclusion yet despite the recent attempt to break lower. Market participants should allow price action to settle as the coiling behavior continues near the apex.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100