EUR/JPY
EUR/JPY looks moving up in today’s trading session. However, the pair is trading inside the previous day’s range which might mean the situation is neutral. Will the pair resume the bearish movement to target the Fibonacci Retracement levels? Alternatively, will it continue the bullish movement to print a new higher swing high?
Today’s critical levels to watch:
Support: 167.14, 165.81, 163.00, 162.00, 160.00
Resistance: 170.00, 171.51
EUR/GBP
EUR/GBP bounced from the 0.8400 support level yesterday’s. The pair extend the bullish movement by surpassing yesterday’s high. At the current time, the pair is in a bullish corrective movement toward resistance levels. Traders could wait near the resistance level for a chance to enter short positions when bearish reactions happen. On the lower side, if the pair manages to print another lower swing low below the 0.8400 level then the bearish trend could continue. On the upside, a close above 0.8530 will cancel the current bearish trend.
Today’s critical levels to watch:
Support: 0.8400, 0.8325
Resistance: 0.8500, 0.8530, 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
GBP/JPY building more bullish pressure and will attempt to extend the bullish trend to print a new higher swing high. No change to the bullish trend and traders will wait for a bearish pullback toward the support level to enter more long positions. On the lower side, 198.00 is the support level to watch for a bullish bounce. If the pair fall and print a new lower swing low then the trend might turn bearish for a while.
Today’s Critical level to watch:
Support: 198.00, 193.50, 190.00
Resistance: 200.00
GBP/CHF
GBP/CHF is mostly bearish below the green box area. The pair might extend the bearish movement toward the 1.1200 – 1.1225 support area next. Traders will use the green box area as a place to enter short positions when a bearish reaction happens. Ont eh lower side, as long as 1.1200 – 1.1225 holds out against bearish pressure, traders could consider entering long positions near it.
Today’s critical levels to watch:
Support: 1.1360, 1.1225
Resistance: 1.1530, 1.1600, 1.1750