EUR/JPY

EUR/JPY printed a bearish close yesterday near the yellow box area. The pair might continue trading sideway near the yellow box area while waiting for further reactions. Traders will continue to monitor the pair reactions near the current level 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 maintained the positions above 0.8700 and is set to continue the bullish movement toward 0.8750. Traders will continue to assume that the trend has changed from bearish to bullish as a new higher high formed. We have a higher low after the latest bearish test and it is better to avoid short positions for now.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY made a bearish close yesterday and continued the bearish movement today. The pair might resume the downward movement to target the 178.50 support level. No higher swing high printed in the latest bullish attempt, it means the situation is neutral.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45, 184.00

GBP/CHF

GBP/CHF made a bearish close yesterday and is set to continue the bearish trend to print a new lower low. No change to the strategy, traders will continue waiting for the pair to start a bullish correction toward the resistance level. When the pair reach resistance level and form a bearish reaction then traders could enter short positions.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1100, 1.1200, 1.1530, 1.1600, 1.1750