EUR/JPY
EUR/JPY initially pushed lower during the session, but buyers stepped in to spark a rebound that elevated the pair back above its daily opening level. Despite this intra-day recovery, the broader consolidation phase remains ongoing as price action stays bound within recent trading ranges. The persistent back-and-forth movement reflects a lack of directional conviction across the market. Traders will likely wait for clearer confirmation and a decisive breakout before committing to major new positions.
Today’s critical levels to watch:
Support: 176.00, 175.50
Resistance: 178.00, 180.00, 183.40, 185.84, 190.00
EUR/GBP
EUR/GBP extended its downside slide, moving lower to briefly touch the key 0.8400 support target. Although the pair has staged a mild recovery off these lows, the underlying technical momentum remains tilted heavily downward. Should a broader bullish correction develop from this oversold region, the 0.8500 round level could become the primary upside target to watch. Sellers are expected to maintain control unless price decisively reclaims intermediate resistance zones.
Today’s critical levels to watch:
Support: 0.8400
Resistance: 0.8450, 0.8500, 0.8525, 0.8580
GBP/JPY
GBP/JPY experienced renewed bullish pressure during the session, driving the pair upward toward the top of its current range and near its previous swing high. A direct test of this overhead barrier is imminent, and market participants will be closely watching price reactions around these elevated levels. A bullish breakout would pave the way for a broader trend extension, while a sharp rejection could reinforce the ongoing sideways boundary. Traders will observe whether buyers have sufficient momentum to clear this major pivot.
Today’s critical level to watch:
Support: 208.00, 205.00
Resistance: 210.00, 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF ticked slightly higher today, but price action mostly remained contained within Friday’s trading boundaries. The ongoing formation of lower highs alongside higher lows indicates that price is actively compressing into a tighter range. This volatility squeeze suggests a potential breakout may be building beneath the surface. Traders might want to exercise patience and wait for a clear break beyond key boundaries before entering new positions.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100