EUR/JPY

EUR/JPY floor set at 131.50 – 132.00 area. Each bearish pressure on the area shows no bearish breakout. It is up to the bull to bring the pair higher or down to retest the blue box area. At the current time, traders are waiting for the Fed FOMC meeting which is expected to trigger major volatility in the market.

Today critical levels to watch:

Support: 132.00, 131.50

Resistance: 133.50

EUR/GBP

EUR/GBP touched down on the 0.8500 resistance level where traders could consider short positions. Similar to the other pairs’ situation, traders are waiting for the Fed FOMC meeting today to get a clue on the next direction. If the pair get rejected from 0.8500 then traders could enter short positions. On the other hand, bullish continuation might happen toward 0.8580 – 0.8600.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580

GBP/JPY

GBP/JPY is halfway toward the 153.50 support level. The pair might continue moving lower and test the support level where traders could enter long positions. The pair trend is bullish, traders might want to continue to avoid short positions for now.

Today Critical level to watch:

Support: 153.50

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF has confirmed a bearish breakout below the 1.2500 support level. The pair trend will continue to bearish but shorting at the current level is not suggested. Traders will wait for bullish correction and enter short positions when bearish reversal near resistance level happens.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700