EUR/JPY

EUR/JPY fall with moderate bearish momentum which could indicate bearish correction toward the 154.00 – 155.00 area. The pair’s overall trend is bullish which means the current bearish correction is a chance for traders to add long positions. However, if the bearish movement continues and closes below 151.50 then we might see a major trend reversal.

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 fails to break out above the 0.8580 – 0.8600 area and starts a new bearish leg from the resistance level. The pair might continue lower and print more lower low on the chart. Traders who enter short positions near the 0.8580 – 0.8600 area will continue to hold the positions now. As long as there is no close above 0.8600 then the bearish trend will continue.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY is trading lower today and erased all of the gains incurred yesterday. The pair might continue moving lower to test the 182.45 support level and attempt to print a new lower low. In the latest bullish attempt, no higher high was printed which means a new lower low will become a confirmation of a bearish reversal.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF upward movement reached the 1.1200 resistance level and there is a slight bearish reaction. The pair might attempt to break out and continue the bullish movement. At the current time, the pair range spans between 1.1100 – 1.1225. Traders will expect the pair to continue moving inside the area with a bearish bias for now.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750