EUR/JPY
EUR/JPY fell below yesterday’s low after an initial bullish attempt above the high failed to attract follow-through buyers. At the current time, the pair is trading near its daily low and appears positioned to close the session near these depressed levels. This persistent weakness raises the question of whether price will continue lower toward the key 127.2% Fibonacci extension target at 175.58. Sellers maintain firm control of intermediate momentum as long as upside recoveries remain capped below immediate resistance pivots.
Today’s critical levels to watch:
Support: 176.00, 175.50
Resistance: 178.00, 180.00, 183.40, 185.84, 190.00
EUR/GBP
After an initial dip, EUR/GBP managed to recover and is currently trading near yesterday’s high. If buyers can generate a solid bullish follow-through from this rebound, we might see a broader relief rally develop toward the 0.8500 – 0.8525 resistance zone. However, the overall structure remains heavily tilted toward the downside following recent breakdowns. Any potential bounce into resistance should be monitored closely for potential selling reactions before assuming a sustained trend reversal.
Today’s critical levels to watch:
Support: 0.8450, 0.8400
Resistance: 0.8500, 0.8525, 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
GBP/JPY saw its initial upward move reverse quickly, with the pair currently trading below yesterday’s low. If bears can maintain this selling pressure through the daily close, the candlestick will form a bearish engulfing pattern on the chart. Despite this intraday rejection, the broader sideways range remains intact, meaning nothing fundamental has structurally changed for the pair just yet. Traders should wait for a decisive breakout beyond range parameters before confirming the next major trend leg.
Today’s critical level to watch:
Support: 208.00, 205.00
Resistance: 210.00, 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF staged an upward attempt that touched the 1.1060 resistance level before reversing lower. If the pair closes near its current level, it will complete a bearish pin bar pattern, signaling rejection at the upper range boundary. Overall, the pair continues its primary upward trajectory with the ascending trendline serving as strong dynamic support. As long as there is no downside breakout below this trendline, each bearish pullback should be treated as a temporary corrective move within an ongoing bullish structure.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100