EUR/JPY
EUR/JPY opened higher today following the previous week’s massive drop toward a new lower swing low. With the initial 127.2% Fibonacci extension target now fully achieved, price action could experience a slight bullish recovery or brief pause near current levels. However, the broader technical outlook remains heavily weighted to the downside, keeping sellers firmly in control of the primary trend. Overall, we expect the pair to eventually resume its weakness and target the 161.8% Fibonacci extension level next.
Today’s critical levels to watch:
Support: 175.50
Resistance: 176.00, 178.00
EUR/GBP
EUR/GBP staged an upward attempt earlier in the session, but the move was swiftly rejected near the 0.8400 level, sending price lower with strong bearish momentum. The sharp intraday reversal highlights persistent selling pressure across the currency pair. With no technical signs of a bullish reversal present, the pair is expected to continue its prevailing downward movement for now. Traders should monitor downside targets closely as sellers push for further extensions.
Today’s critical levels to watch:
Support: 0.8400
Resistance: 0.8450, 0.8500, 0.8525, 0.8580
GBP/JPY
GBP/JPY initiated a bullish attempt during trading today, but upside progress remained capped at Friday’s high. As a result, price action continues to oscillate mostly inside the established short-term consolidation range. If a bearish continuation unfolds from this range boundary, traders can expect the pair to target a new lower swing low. Until a clear breakout occurs, monitoring reactions near key range edges will be essential.
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 its ongoing triangle consolidation, with price compressing neatly between converging trendlines. Traders will likely maintain a bullish bias for now, given the underlying higher-low structure within the pattern. A definitive breakout from this triangle setup will be needed to confirm the direction of the next sustained trend move. Patience remains key as the market coils toward a decision point near overhead resistance.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100