EUR/JPY

EUR/JPY sideway situation has not changed yet for now. The pair will continue the ranging movement and traders will wait for a breakout to happen. If the pair continues moving lower then the 154.00 – 155.00 area is the place to watch for long positions. We think the bullish trend could continue and traders better stick with bullish positions for now.

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 tested the 0.8700 resistance level and there was a bearish correction. No touch on the 0.8580 – 0.8600 support area and the pair looks trading upward again. Another test on the 0.8700 resistance level is expected and traders will wait for further reactions. If the pair could breakout and close above 0.8700 then the bullish trend could 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 in a bearish correction phased for now with 178.50 as a possible bearish target. No bullish confirmation yet for now and the pair might continue moving lower. If the pair could move upward and close above 184.00 then we might see a bullish continuation. On the lower side, as long as there is no close below 178.50 the pair could continue the bullish trend.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF ranging movement continues for now. We redraw the area and now we have a yellow box area. Traders will continue to monitor the pair movement inside the area for now. When a breakout and close outside of the area happen then traders will have the next direction confirmation.

Today’s critical levels to watch:

Support: 1.1100, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750