EUR/JPY
EUR/JPY got rejected from the trendline which could signal a new bearish attempt toward the 140.50 support level. There is no bearish continuation in today’s trading session yet as traders are awaiting the announcement of interest rate by the Fed. Traders will wait for either a bearish continuation toward 140.50 or a sudden bullish close above the trendline to confirm an upward continuation toward the 148.50 – 151.50 area.
Today’s critical levels to watch:
Support: 140.50, 137.40
Resistance: 145.00, 148.50, 151.50
EUR/GBP
EUR/GBP sticks near 0.8580 – 0.8600 without much change which means the sideway situation will continue. Traders will observe today’s FOMC meeting and the reactions after it. If the pair make a bearish breakout with strong momentum and close below it then the pair could continue lower to target 0.8400. On the other side, if a major bullish bounce happens then the pair could continue upward to target 0.8700 and 0.8750.
Today’s critical levels to watch:
Support: 0.8600, 0.8580
Resistance: 0.8700, 0.8750, 0.8900, 0.9000
GBP/JPY
GBP/JPY get rejected from the 168.50 resistance level yesterday. The pair might continue the ranging movement between 164.00 – 168.50. However, traders will observe the pair reactions after the FOMC meeting today. If the pair make a bullish breakout and close above 168.50 then the bullish trend could continue toward 170.00 to target a new higher high.
Today Critical level to watch:
Support: 164.00, 161.00, 156.58, 153.50
Resistance: 168.50, 170.00
GBP/CHF
GBP/CHF made a bullish attempt on the 1.1530 – 1.1600 area yesterday. There is bearish rejection from the area and the pair closed near the opening level. No change to the sideway situation of the pair yet which means traders better waiting for further reactions. If the pair could continue the upward movement and close above 1.1600 then the bullish trend could continue. On the other hand, further weakness from the current level will target the 1.1200 support level.
Today’s critical levels to watch:
Support: 1.1200, 1.0500, 1.0000
Resistance: 1.1530, 1.1600, 1.1750