EUR/JPY

EUR/JPY shows a bearish rejection from the Fibonacci Retracement area which confirms a bearish continuation in the pair. The reactions is as planned and traders who enter short positions near the Fibonacci Retracement level could hold the positions now. On the lower side, the pair will target the 154.00 – 155.00 area and lower to print a new lower swing low. On the upside, if the pair reverses and closes above the current bearish candlestick high then the trend will turn bullish.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP is back under bearish pressure near the 0.8325 support level. The pair is expected to continue the bearish trend and print a new lower swing low. On the upside, if a bullish bounce happens then 0.8400 is the resistance level to watch for bearish reactions. Traders will continue to use each bullish correction in the pair as a chance to add more short positions.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY formed a major bearish reaction today near the 50% Fibonacci Retracement level. The pair direction turned bearish but it needs to break out below the bearish candlestick next week. If the pair moves lower with strong bearish momentum then traders could expect a new lower swing low printed soon.

Today’s Critical level to watch:

Support: 190.00, 180.00, 178.70

Resistance: 193.50

GBP/CHF

GBP/CHF shows bearish rejection from the level we mentioned before. The pair might resume the bearish trend but it needs to move lower and print a lower swing low to confirm the bearish continuation. 1.1200 – 1.1225 might provide a support level for a bounce. Traders will monitor the pair reactions there, if the pair bounces from the area then a new higher swing low will be printed.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1360, 1.1400