EUR/JPY

EUR/JPY slowly moving lower but without strong bearish momentum. The pair might trade near the Fibonacci Retracement levels while waiting for further reactions. We think the pair could continue the bearish movement and target a new lower swing low in the long-term. However, traders will expect more tests on the Retracement level for now.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP extended the bearish movement and managed to reach the 0.8400 support level. The pair show a bullish recovery after the test but no strong bullish momentum. A sideways movement might happen near the level and traders will continue to observe the pair reactions. If the pair could bounce upward with strong bullish momentum then the trend might turn bullish. However, if a bearish breakout happens then the bearish trend will continue.

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 looks trading sideways near the Fibonacci Retracement levels. There are no strong reactions yet and the pair might continue the ranging movement for now. If the pair gets rejected with strong bearish reactions then traders will expect a continuation of the bearish trend to target a new lower swing low.

Today’s Critical level to watch:

Support: 180.00, 178.70

Resistance: 190.00, 193.50

GBP/CHF

GBP/CHF bounced from the 1.1000 support level and erased all of the losses incurred yesterday. It seems the consolidation between 1.1000 -1.1225 will continue and traders will continue to observe the price movement. A breakout and close outside of the range will give traders confirmation on the next direction of the pair.

Today’s critical levels to watch:

Support: 1.1000, 1.0800, 1.0500

Resistance: 1.1200, 1.1225