EUR/JPY

EUR/JPY managed to bounce from the 154.00 – 155.00 area but no higher swing high printed on the chart. The pair keeps testing the 154.00 – 155.00 area and might eventually break lower. Traders will continue to wait for reactions near the area. When a bearish breakout happens, traders could wait for a bullish pullback to enter short positions near the area.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00

EUR/GBP

EUR/GBP attempting to bounce from the 0.8580 – 0.8600 area. There is no confirmation whether the pair could continue moving upward or it will trade sideways before a bearish continuation. Traders will continue to stay sideline for now and observe the reactions near the 0.8580 – 0.8600 area.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY bearish pressure continues testing the 178.50 support level without a new higher swing high. There is no lower swing low formed but we might see a bearish breakout below the 178.50 support level. Traders could continue to use the 182.45 – 184.00 area as a place to enter short positions when retests happen.

Today’s Critical level to watch:

Support: 178.50

Resistance: 182.45, 184.00, 186.00

GBP/CHF

GBP/CHF is mostly sideways near the 1.1060 resistance level. The pair shows bearish reactions but no lower low printed on the chart. There is no change to the situation, traders will wait for a new lower low or close above 1.1200 to confirm the pair’s next direction.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1060, 1.1100, 1.1200, 1.1530, 1.1600, 1.1750