EUR/JPY
EUR/JPY made an initial bearish attempt today, but the pair quickly found support and bounced to trade back above its daily opening level. Consequently, price action has contracted, keeping the pair entirely confined within the boundaries of yesterday’s trading range as momentum temporarily stalls. Moving forward, traders will likely remain on the sidelines and continue to wait until this bullish correction is definitively completed before jumping into new short positions.
Today’s critical levels to watch:
Support: 180.00
Resistance: 183.40, 185.84, 190.00
EUR/GBP
EUR/GBP staged a notable bullish attempt during today’s session, successfully surpassing yesterday’s high to demonstrate renewed buying interest. The pair might continue to trade near these upper levels for the time being as market participants wait for further structural confirmation before committing to a larger move. However, should momentum falter and reverse to the downside, the established 0.8500 – 0.8525 support region continues to stay relevant as the primary target for sellers.
Today’s critical levels to watch:
Support: 0.8525, 0.8500
Resistance: 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
GBP/JPY experienced a mostly sideways session today, with price action remaining tightly bound inside yesterday’s established daily range. The market is currently demonstrating a degree of indecision as it hovers near a crucial technical juncture, refusing to commit to a sharp breakout in either direction. Accordingly, we will continue to wait patiently for definitive price reactions near the major ascending trend line before establishing a clearer directional bias.
Today’s Critical level to watch:
Support: 211.50, 210.00
Resistance: 214.965, 218.00
GBP/CHF
GBP/CHF faced some slight bearish pressure early in the session, but the pair managed to find solid support and bounced effectively near yesterday’s low. Following this recovery, it now appears highly likely that the pair will close the day very close to its opening level, reflecting localized intraday equilibrium. Despite this minor hesitation, the broader directional bias remains firmly to the upside, meaning there is absolutely no change to the overarching bullish situation.
Today’s critical levels to watch:
Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0900, 1.1060, 1.1100
