EUR/JPY

EUR/JPY bounced from the 155.00 support level today and might form a bullish close. The pair might continue the bullish trend to target a new higher swing high. Traders who entered long positions near 154.00 – 155.00 will hold the positions with a stop below the previous swing low. If the pair continue the bearish correction then the 148.50 – 151.50 area will become the bearish target to watch.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP fell sharply below the 0.8580 – 0.8600 area which might confirm the bearish continuation. The pair currently consolidating below the area and will wait for further confirmation. Traders will monitor the reactions from the 0.8580 – 0.8600 area and enter short positions when there is a major bearish reaction.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY stays near the 182.45 level and keep trading sideways. The pair currently trading inside the 178.50 – 182.45 area and will continue the consolidation. No conclusion yet on the pair’s next direction, however, the long-term direction of the pair is bullish. If the pair start a bearish correction then traders could use support levels to enter long positions.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF has traded below 1.1200 and the trendline. The pair direction is bearish but no lower swing low printed yet on the chart. If the pair could extend the bearish movement and print a new lower swing low then the bearish trend will continue. On the other hand, if the pair could move upward and close above 1.1200 then the trend might turn bullish.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750