EUR/JPY
EUR/JPY initially dropped early in the session but managed a recovery back toward its opening level. Price action may continue consolidating around current levels or extend the short-term bullish correction further before the broader bearish trend resumes. We still expect the pair to continue the bearish trend and will avoid long positions for now.
Today’s critical levels to watch:
Support: 178.00
Resistance: 180.00, 183.40, 185.84, 190.00
EUR/GBP
EUR/GBP pair spiked upward today, pushing back to reach the 0.8600 level. It appears the pair is setting up to test the 0.8600 – 0.8620 resistance area once again. Traders will likely wait for clearer price reactions at this key junction before committing to new directional setups.
Today’s critical levels to watch:
Support: 0.8525, 0.8500
Resistance: 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
GBP/JPY fell under moderate bearish pressure today, trading near the previous day’s low. The pair remains within a consolidation or potential bullish correction phase, where traders will continue looking for favorable opportunities to align with 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 faced bearish pressure today, printing a new lower low before staging a slight recovery to trade near recent swing lows. Having recently reached the 1.1060 level, price action appears to be stalling and entering a period of consolidation around this zone for now.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100