EUR/JPY
EUR/JPY is trading lower today, though price action remains contained strictly inside yesterday’s range. While the broader directional bias remains tilted to the downside, the pair currently appears to be consolidating between the 175.50 and 178.00 boundaries. Traders should wait for a decisive breakout beyond either end of this corridor to confirm the next sustained trend leg.
Today’s critical levels to watch:
Support: 175.50
Resistance: 176.00, 178.00
EUR/GBP
EUR/GBP is edging slowly upward above the 0.8325 level, yet it has failed to generate strong bullish momentum. There is no change to the overall technical outlook, as the pair continues to consolidate not far from this major horizontal target. Market participants will remain on the sidelines and wait for clearer price confirmation before committing to fresh directional 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 remains under selling pressure after returning inside its rising wedge pattern, pointing toward a potential test of the lower trendline boundary. If the wedge structure is decisively broken to the downside, a broader bearish continuation is expected to unfold. Until that breakdown occurs, price action stays compressed 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 is extending its bullish move above the 1.1060 level and appears poised to challenge the 1.1100 resistance handle next. If buyers manage to break out and secure a daily close above 1.1100, it will provide strong confirmation for a sustained bullish trend continuation. Traders should monitor reactions closely as price approaches this critical overhead barrier.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100