EUR/JPY

EUR/JPY moved lower with moderate bearish momentum today and entered the yellow box area again. We might see the pair consolidating inside the box area and near the trendline for now. If the pair could bounce upward with strong bullish momentum then the bullish trend could continue.

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 a position above 0.8700 and showed a bullish reaction today. The pair will attempt to extend the bullish movement to target the 0.8750 resistance level. Meanwhile, traders will use the 0.8700 level as a place to enter 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 tested the 182.45 – 184.00 area and looks moving lower. The pair might continue the bearish movement to target the 178.50 support level. At the current time, the consolidation between 178.50 – and 184.00 might continue and traders could use the range to do range trading.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45, 184.00

GBP/CHF

GBP/CHF bearish pressure looks receding and the pair might attempt to move upward to target the yellow box area. Traders will continue waiting for the pair to reach the area and form bearish reactions to 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