EUR/JPY

EUR/JPY mostly sideways inside the triangle area and no major movement yet. Traders will wait until breakout and close outside the triangle area happen to confirm the next direction. We3 might see major movement either when BOJ announce interest-rate or development of tariff war situation between U.S-China. May might be a slow month for the pair, June-July might see major movement, especially when Trumps tariff pause expired.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP closed below the 0.8500 level and now is set to continue lower to target the 0.8400 – 0.8430 area. The pair might range between 0.8400 – 0.8525 and traders will wait for breakout from the range. As the pair show bullish structure, traders will use the current bearish movement as a chance to accumulate long positions near support levels.

Today’s critical levels to watch:

Support: 0.8530, 0.8500

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY might trade between two trend lines and the 188.00 – 193.50 area now. At the current time, the pair is trading near the 190.77 level and slightly lower. Despite the sideways situation, there is a rising wedge pattern which is bearish if confirmed. When the pair breakout from the pattern, it needs to break out below the trend line also 188.00 to confirm bearish continuation.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF moving upward and has reached the 1.1060 level. It might attempt to extend bullish movement to test the 1.1100 level. As mentioned before, if the pair get rejected with strong bearish pressure, then we might see bearish continuation to target 1.0800 and lower. However, a bullish breakout and close above 1.1100 might change the situation to bullish.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200,