EUR/JPY

EUR/JPY continues pressuring the 131.50 – 132.00 area to the downside. No breakout and close below the area until now. The pair might continue trading near the area before the Fed FOMC meeting tomorrow. Will the pair bounce upward and continue the bullish movement toward 133.50 and higher? Alternatively, will it breakout lower and retarget the blue box area?

Today critical levels to watch:

Support: 132.00, 131.50

Resistance: 133.50

EUR/GBP

EUR/GBP start a bullish correction movement and currently trading above the 0.8500 level. If the pair closes above the level then there is a chance for bullish continuation toward the 0.8580 – 0.8600 area. No long positions are suggested as the trend is bearish and traders will wait near resistances levels for short positions.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580

GBP/JPY

GBP/JPY not continuing its bullish movement above 156.58 level. The pair started a bearish correction toward the 153.50 support level. As mentioned in the latest analysis, if the pair start a bearish correction then traders could use the 153.50 level as a place to enter long positions. Traders will wait for a bullish reaction from the support level to confirm long entry.

Today Critical level to watch:

Support: 156.58, 153.50

Resistance: 160.00

GBP/CHF

GBP/CHF breakout from the 1.2500 – 1.2700 area and now set to continue its bearish trend. The pair might start a bullish correction to retest the 1.2500 level before continuing bearish movement. However, traders will wait for the FOMC meeting result tomorrow. A major bullish reversal after the meeting could cancel the current bearish movement.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700