Forex Cross Pair Technical Analysis | 5 January 2026

EUR/JPY Faces Renewed Downward Momentum

After slipping beneath its recent consolidation zone, EUR/JPY has encountered increased selling pressure. This move indicates that sellers are currently steering the market, potentially paving the way for additional declines. As long as the price stays under the previous support of the range, the outlook remains bearish. However, the overall chart pattern still allows for a possible rebound if buyers can reclaim the lost range and trigger a decisive upward move. On the downside, the 181.953 level is emerging as a key support to monitor.

EUR/GBP Extends Bearish Trend

EUR/GBP continues to exhibit strong downward momentum, with prices dropping further after failing to maintain support.