EUR/JPY

EUR/JPY turned higher today but was limited inside the yellow box area. The pair situation has not changed yet and it might continue to consolidate near the current level. Traders will continue to observe the pair movement near the current level while waiting for the formation of a new higher high or lower low.

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 moving upward with moderate momentum today and soon will reach the 0.8700 resistance level. The pair situation is bullish and a close above the 0.8700 level will confirm the continuation of the bullish trend. Meanwhile, if the pair turns lower again and closes below the 0.8580 – 0.8600 area then the trend will turn bearish.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY currently trading inside the 178.50 – 182.45 area and there is no major momentum movement yet. The pair might continue to consolidate inside the area and traders will wait for the close outside of the range. The next higher high or lower will might confirm the pair’s next direction.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF has a confirmed bearish trend and the pair might extend the bearish movement immediately. However, if the pair start a bullish correction then it will retest the yellow box area. Traders could prepare to enter short positions when a retest happens with bearish rejection.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1100, 1.1200, 1.1530, 1.1600, 1.1750