EUR/JPY
EUR/JPY is mostly ranging as the daily price action becomes progressively tighter. The consolidation phase is still ongoing for now. While an eventual breakout is expected to break the current stall, momentum remains absent in either direction. It is best for traders to stay on the sidelines for now and wait for a clear breakout before committing to new positions.
Today’s critical levels to watch:
Support: 178.00
Resistance: 180.00, 183.40, 185.84, 190.00
EUR/GBP
EUR/GBP is making another upward attempt toward the 0.8600 resistance level. The pair continues to hover near the top boundary of its recent green highlighted consolidation zone. If bulls manage to maintain momentum and push price higher past 0.8600, the next key resistance level to watch is 0.8620. On the other hand, if 0.8600 holds firm as resistance, price could drop back toward the lower support boundary around 0.8525.
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 under mild bearish pressure, but price action remains mostly contained within the previous two days’ trading range near the broken swing low. Because price continues to trade within this tight range, market participants will wait for a decisive breakout to confirm the pair’s next direction. Holding above 209.50 keeps recovery possibilities open, while a break lower could target the latest swing low.
Today’s critical level to watch:
Support: 208.00, 205.00
Resistance: 210.00, 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF is showing a clear bearish extension, and there is currently no technical sign of a slowdown or reversal. The pair continues to slide deeper into the green box consolidation zone. If the current market environment remains unchanged, the pair is expected to push lower and target the bottom of the green box area near 1.0836.
Today’s critical levels to watch:
Support: 1.0900, 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.1060, 1.1100