EUR/JPY

EUR/JPY has moved back below the trend line, which mean the scenario is bearish. The pair might move sideways toward the trend line and bounce lower or it might immediately continue the bearish movement. The key to continue the current bearish movement is the formation of new lower swing low.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP is at the middle of 0.8325 – 0.8400 range now. It might continue consolidating inside the range and wait for close outside of it. No change to the situation. Traders could trade the range for now with stop order above the latest swing high or below the swing low.

Today’s critical levels to watch:

Support: 0.8325, 0.8250

Resistance: 0.8400, 0.8500, 0.8530

GBP/JPY

GBP/JPY mostly sideways after the rejection from 193.50 – 194.00 area. The pair might continue the ranging movement between 188.00 – 193.50 for now. If there is no change to the situation, then the sideways movement will continue with bearish tendencies. The next BOJ meeting on interest-rate might provide confirmation on the next direction.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00

GBP/CHF

GBP/CHF trading above the green box area but no bullish continuation yet. If the pair continue the upward movement, then it will target the trend line. A breakout and close above the trend line will confirm long-term bullish continuation. The pair might also consolidate between the trend line and the top of the green box until the next direction settled.

Today’s critical levels to watch:

Support: 1.1360, 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1400