EUR/JPY

EUR/JPY moving inside the Fibonacci Retracement levels now. The pair’s bullish pressure has not subsided which means there is a chance of upward continuation. Traders will observe the pair reactions inside the area for now. If the pair form a major bearish reaction then traders could enter short positions. A close above the 61.8% Retracement level might signal a trend change to bullish.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00

EUR/GBP

EUR/GBP got another bearish rejection from the 0.8580 – 0.8600 area which practically formed a lower swing high. On the lower side, 0.8500 – 0.8530 is the area to watch for bounce. If the pair fails to bounce and fall with strong bearish momentum then we might see a bearish attempt to target a new lower swing low.

Today’s critical levels to watch:

Support: 0.8530, 0.8500, 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY movement is similar to the EUR/JPY movement. The pair is moving inside the Fibonacci Retracement area now and will wait for reactions. if the pair form bearish reactions then traders could enter short positions targeting a new lower swing low. On the upside, 193.50 and 198.00 are the targets to watch for the current bullish correction movement.

Today’s Critical level to watch:

Support: 180.00, 178.70

Resistance: 190.00, 193.50

GBP/CHF

GBP/CHF finally reached the vital area of 1.1200 – 1.1225. The pair’s bullish momentum is strong which means an overshoot above the resistance area might happen. Traders will wait until the pair form a major bearish reaction before entering short positions. As the long-term trend has turned bearish, it is better to wait for bearish reactions.

Today’s critical levels to watch:

Support: 1.0800, 1.0500

Resistance: 1.1000, 1.1200, 1.1225