EUR/JPY
EUR/JPY experienced a sharp drop in tandem with other JPY pairs. This aggressive downward momentum suggests the decline could continue, potentially signaling the resumption of a broader bearish trend. Price action will need to confirm a clean breakdown below current support to solidify further sell-side momentum.
Today’s critical levels to watch:
Support: 183.40, 180.00
Resistance: 185.84, 190.00
EUR/GBP
EUR/GBP attempted to push higher but faced rejection off its highs, pulling back to trade near its opening level. The primary expectation is for the pair to test the 0.8600 – 0.8620 resistance zone before resuming its overarching downward movement. Rejecting this overhead supply zone would confirm that sellers remain firmly in control of the broader trend.
Today’s critical levels to watch:
Support: 0.8525, 0.8500
Resistance: 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
Mirroring the broader Japanese Yen crosses, GBP/JPY has moved sharply lower. Given the intense selling pressure, the pair is expected to break structure and print a new lower swing low in the near term. Sustained price action below current support levels will keep the technical focus firmly on lower downside targets.
Today’s critical level to watch:
Support: 214.965, 211.50, 210.00
Resistance: 218.00
GBP/CHF
GBP/CHF remains under near-term bearish pressure, though the underlying market structure stays bullish as long as the sequence of higher lows holds. If the pair breaks down to print a new lower swing low, the technical situation will turn decidedly bearish. Until that breakdown occurs, watching price action around support will clarify whether the broader upward structure remains intact.
Today’s critical levels to watch:
Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0900, 1.1060, 1.1100