EUR/JPY

EUR/JPY extended the bullish movement and reached the upper Fibonacci Retracement level. The bullish pressure has not stopped yet which means the pair might attempt for further upside. At the current time, traders will wait until the pair form a major bearish reaction before deciding to add short positions. Without a major bearish reaction, it is better to stay sideline.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP sticks near the 0.8325 support level. There was a bearish close below the level but no significant bearish pressure. The pair has returned above the 0.8325 level and will attempt to stay above it. As long as the pair continues printing new lower-swing highs and lower-swing lows, traders better assume the bearish trend will continue.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY tested 198.00 level and the upper Fibonacci Retracement level. The pair move upward with strong bullish momentum but it seems will close the day below both levels. Under the current situation, traders will monitor the pair movement near both resistance levels. If the pair could form a major bearish reaction then it is a chance for traders to enter short positions.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 180.00, 178.70

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF is under bearish pressure but stays near the 1.1200 – 1.1225 area. The pair need to form a new lower swing low or higher swing high to confirm the next direction. Without it, the pair will continue its sideways-ranging movement near 1.1200 – 1.1225. Traders might want to stay flat for now until new higher swing high or lower swing low formed.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1360, 1.1400