EUR/JPY

EUR/JPY hanging near the previous swing high and is experiencing bearish pressure right now. The pair might attempt to break out higher and print a new higher swing high. However, if the pair start a bearish pullback then traders could wait for bullish reactions near 168.50 – 169.00. If the pair continue moving lower and print a new lower low then the trend might turn bearish.

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 turned lower again today after several days of bullish correction. The pair might attempt to resume the bearish trend and target a new lower low below 0.8400. If the pair manages to continue the bullish movement then the 0.8500 – 0.8530 is the upward target to watch. A bearish rejection from the 0.8500 – 0.8530 will become a confirmation for traders to enter short positions.

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 is mostly higher and continues printing new higher highs. The pair have confirmed the continuation of the long-term bullish trend. Traders will wait for the pair to make a bearish correction for a chance to enter long positions. At the current time, traders who have long positions from the latest swing low will continue to hold the positions with a stop below 200.00 or 198.00

Today’s Critical level to watch:

Support: 200.00, 198.00, 193.50, 190.00

Resistance: –

GBP/CHF

GBP/CHF is on the path upside and soon will test the green box area. The pair is trading bullishly and there are no major bearish reactions yet. If the pair continues the bullish movement and closes above the green box area then it will turn the trend bullish again for the medium-long term. On the other hand, if the pair turns lower and close below 1.1200 then the trend will turn bearish again.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750