EUR/JPY
EUR/JPY is currently experiencing persistent bearish pressure, actively testing and pressing against yesterday’s low. Although a new lower swing low has not been printed yet, seller control remains dominant across lower timeframes. If the pair extends its ongoing weakness beyond local support boundaries, it will likely target the major 161.8% Fibonacci extension level next. Traders should exercise caution and wait for a definitive structural breakdown before confirming further downside entries. Sellers will look to keep intermediate pullbacks capped beneath primary resistance zones to preserve this overall bearish momentum.
Today’s critical levels to watch:
Support: 175.50
Resistance: 176.00, 178.00
EUR/GBP
EUR/GBP extended its established bearish continuation pattern, with price action pushing steadily lower throughout the session. The pair continues to display strong downside momentum with no signs of seller exhaustion or bullish reversal just yet. Moving forward, the pair remains on track and will target the key 0.8325 support level next as its primary objective. Any intraday retracements are expected to be shallow, with intermediate resistance zones acting as firm ceilings against buyer attempts. Traders will continue riding the existing downward trend until a clear reversal pattern manifests at major support.
Today’s critical levels to watch:
Support: 0.8400
Resistance: 0.8450, 0.8500, 0.8525, 0.8580
GBP/JPY
GBP/JPY traded mostly neutral today, with price action remaining strictly contained inside the previous two days’ trading range. This prolonged contraction reflects a state of equilibrium between buyers and sellers as liquidity builds within tight boundaries. Given the prolonged coiling behavior, a decisive breakout is expected to happen soon to release this accumulated volatility. Until then, maintaining a neutral stance remains the most objective market posture.
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 compress within a clear symmetrical structure as price approaches the apex of its multi-week pattern. We are currently waiting for a clean triangle breakout to gain reliable confirmation on the pair’s next major trend direction. A daily candlestick close outside of these boundary lines will be necessary to establish new momentum parameters. Traders are advised to stay patient and allow the breakout to validate market control before taking fresh 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