EUR/JPY

EUR/JPY sideway situation has not changed yet which means nothing traders can do for now. Traders will wait for the pair to break out with strong momentum to determine the next direction. If the pair continues trading lower then 154.00 – 155.00 is the area to watch for bounce reactions. As long as there is no close below 151.50, the trend will continue bullish.

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 has reached the 0.8700 resistance level and currently testing it. The pair might break out and close above the resistance level to confirm the continuation of the bullish trend. If the pair starts a bearish correction toward the 0.8580 – 0.8600 area then traders could use the chance to add more long positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY closed below the 182.45 support level and might continue the bearish movement toward the 178.50 support level. At the current time, the pair might consolidate between the 178.50 and 182.45 area and wait for a breakout. Traders will use the chance to add more long positions with a stop below the previous swing low. If the pair closes below 178.50 then the bearish trend will continue.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF bounced again from the 1.1100 support level and continued the choppy situation near it. There is no change to the situation, the pair might continue trading sideway in a choppy manner and wait for a breakout from the 1.1100 – 1.11200 area. Traders who want to speculate could enter long positions near 1.1100 with stop below the previous swing low.

Today’s critical levels to watch:

Support: 1.1100, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750