EUR/JPY
EUR/JPY came under bearish pressure during the session, registering a new lower low before staging a sharp recovery back toward its opening level. Although the pair remains structurally bearish, the recent bounce indicates that the bulls are currently active and preventing a clean downside extension. Traders should exercise patience and watch how price reacts around current boundaries.
Today’s critical levels to watch:
Support: 178.00
Resistance: 180.00, 183.40, 185.84, 190.00
EUR/GBP
EUR/GBP dropped sharply during the session, maintaining its path toward the 0.8525 support target. Having anticipated this downward movement following the earlier tests of the 0.8600 – 0.8620 resistance area, traders can continue riding the bearish momentum until the pair prints a strong bullish reaction.
Today’s critical levels to watch:
Support: 0.8525, 0.8500
Resistance: 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
GBP/JPY pushed lower to print a new lower low, mirroring EUR/JPY, but the bulls quickly seized control to push the pair back above its opening level. The pair is positioned to close with a potential bullish engulfing pattern. If a bullish follow-through materializes, the 209.542 level will continue to act as an immediate resistance hurdle.
Today’s critical level to watch:
Support: 208.00, 205.00
Resistance: 210.00, 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF extended its bullish move, pushing firmly into the 1.0661 – 1.1100 resistance area. As the pair continues to trend upward as planned while consistently printing higher highs and higher lows, it remains prudent to maintain a bullish outlook and avoid short 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