EUR/JPY
EUR/JPY has turned lower again without printing a new higher high, confirming that the prevailing direction remains strictly bearish. With sellers maintaining firm control of price action, traders will likely continue holding short positions until a definitive bottoming pattern is established.
Today’s critical levels to watch:
Support: 178.00
Resistance: 180.00, 183.40, 185.84, 190.00
EUR/GBP
Moderate bearish pressure is currently pushing EUR/GBP into the green highlighted box area. This downward move could mark the start of a fresh bearish leg aimed at printing a new lower swing low. Should the pair attempt a bullish recovery, the 0.8600 – 0.8620 zone will continue to function as a solid resistance barrier.
Today’s critical levels to watch:
Support: 0.8525, 0.8500
Resistance: 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
GBP/JPY is back under bearish pressure as price retests its recent low. Although a new lower low has not been printed yet, bears remain in firm control of the market momentum. As long as the price structure continues to yield lower highs and lower lows, traders will likely maintain a downside bias and favor short positions.
Today’s critical level to watch:
Support: 208.00, 205.00
Resistance: 210.00, 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF has registered a new higher high following a clean upside breakout. The pair continues to show steady bullish momentum as it moves toward the 1.1060 – 1.1100 target region, keeping the broader uptrend intact. Traders who has long positions will place stop order below the bearish candlestick low or 1.0836 or 1.0893.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100