EUR/JPY

EUR/JPY turned upward as major currencies pulled back against the U.S. dollar. It seems the pair will attempt to aim for higher Fibonacci Retracement levels. Traders will continue to observe the pair reactions near the Retracement levels for a chance to enter short positions on bearish reactions.  On the lower side, we think the pair will target a new lower swing low.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP shows bullish reactions from the 0.8400 support level today which might start a bullish movement to target the 0.8500 – 0.8530 area. Despite the bullish reactions, the pair might consolidate near the 0.8400 level and might not bounce upward. If the pair resumes the bearish movement, and breaks below the 0.8400 support level 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 is mostly sideways near the Fibonacci Retracement levels, not showing an indication of the next movement. The pair might continue trading sideways now and traders will wait for reactions. If the pair continue upward then there is no change to the outlook. Traders will wait for bearish reactions near the Fibonacci Retracement levels for a chance to enter short positions.

Today’s Critical level to watch:

Support: 190.00, 180.00, 178.70

Resistance: 193.50

GBP/CHF

GBP/CHF bounced from the 1.1000 support level and made a bullish attempt. The bullish attempt immediately received bearish reactions and the pair currently trading near the opening level. It seems the consolidation between 1.1000 – 1.1225 will continue. Traders better wait for the pair to make a close outside of the range to get confirmation on the next direction.

Today’s critical levels to watch:

Support: 1.1000, 1.0800, 1.0500

Resistance: 1.1200, 1.1225