EUR/JPY

EUR/JPY has hard time to breakout above the trend line and continue the bullish movement. The pair is currently consolidating near the trend line and will wait for reactions. Will the pair continue the bearish movement and target the 154.00 – 155.00 area? Alternatively, will it start moving upward above the trend line?

We think the bear has upper hand in the current situation, traders who want to enter short positions will place stop order above 164.119.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP launched upward from the 0.8325 level with strong bullish momentum. The pair breakout above 0.8400 and reached the previous swing high. If the pair continue the bullish movement and breakout above the trend line, then we could expect continuation toward 0.8580 – 0.8600 area.

Today’s critical levels to watch:

Support: 0.8325, 0.8250

Resistance: 0.8400, 0.8500, 0.8530

GBP/JPY

GBP/JPY got rejected from 193.50 – 194.00 area and almost reach the 190.00 level. The pair could continue the bearish movement toward 188.00 level. The pair is currently consolidating between 188.00 – 194.00 and as long as no breakout from the range, the pair will continue the sideways movement.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00

GBP/CHF

GBP/CHF fall with strong bearish momentum today. It returned inside the green box area and might target the bottom of the box area. It seems the pair has been rejected from the trend line, and it suggests further weakness. If the pair couldn’t hold out its positions inside the green box area, then traders will expect bearish continuation for medium-term.

Today’s critical levels to watch:

Support: 1.1360, 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1400