EUR/JPY
EUR/JPY dropped sharply during the session and has successfully reached the 127.2% Fibonacci extension target level. Price action has stalled near this key threshold, leaving traders waiting to see how the market reacts around current boundaries. Given that the latest move carries strong bearish momentum, we might see a continuation lower if sellers maintain control. A decisive breakdown below this zone could open the door for deeper downside extension.
Today’s critical levels to watch:
Support: 175.50
Resistance: 176.00, 178.00
EUR/GBP
EUR/GBP saw no sign of a bullish reversal as the pair fell decisively below the 0.8400 psychological level. Selling pressure remains dominant across all short-term timeframes, keeping the broader market structure tilted downward. If there is no immediate change to this technical situation, the pair could continue its decline toward the 0.8325 target next. Any minor pullbacks are expected to face strong selling resistance near previously broken levels.
Today’s critical levels to watch:
Support: 0.8400
Resistance: 0.8450, 0.8500, 0.8525, 0.8580
GBP/JPY
GBP/JPY recently printed a higher high, but overall the broader technical picture remains bearish, especially after yesterday’s notable drop. Price is currently consolidating near intermediate support as market participants evaluate whether bears will push for another leg down. The 217.438 level serves as the key bearish invalidation mark, with the downtrend remaining intact as long as price trades well beneath it. A failure to hold current support could trigger a drop back toward lower range targets.
Today’s critical level to watch:
Support: 208.00, 205.00
Resistance: 210.00, 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF continues to consolidate, and price action has now compressed into a distinct triangle pattern. Traders are waiting for a definitive breakout above or below these converging trendlines to confirm the next directional move. Overall, the market seems to be grinding gradually higher within the pattern, which provides a higher probability for an eventual bullish breakout. A clean breach above overhead resistance will likely trigger follow-through buying toward the next major targets.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100