EUR/JPY

EUR/JPY is under bearish pressure today and reached the lower part of the Fibonacci Retracement levels. The pair looks moving near the level and will wait for further confirmation. Will the pair resume the bearish trend and print a new lower swing low to confirm the bearish continuation? Alternatively, will it move upward, close above 165.00 to confirm a bullish continuation?

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP extended the bullish movement above 0.8325 and managed to reach 0.8400 in one swoop. There are bearish reactions but it might be a profit-taking reaction. Traders will observe the pair reactions near 0.8400. If the pair could further break out and print a new higher swing high then the situation could turn bullish for the medium term.

Today’s critical levels to watch:

Support: 0.8325, 0.8250

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY bearish rejection from 198.00 continues with a bearish movement today. The pair touched the 193.50 level and showed slight bullish reactions. No breakout and close below the level yet which means the consolidation inside 193.50 – 198.00 might continue. Under the current situation, traders will continue waiting for a close outside of the range to get confirmation on the pair’s next movement.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF extended the bearish movement after rejection from the top of the green box area. The pair has not breakout and closed outside of the area which means the consolidation will continue. No change to the situation, traders will continue use the chance to apply range trading strategies until breakout from the range happen.

Today’s critical levels to watch:

Support: 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1225, 1.1360, 1.1400