EUR/JPY

EUR/JPY pushed lower, but the pair recover near its opening level. Not much to expect in the pair for now. It is mostly sideways inside the triangle area and traders better wait for breakout first. When breakout happen, a new lower swing low or higher swing high will confirm the next direction. Under current situation, it might be better to trade other pairs.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP continue its gain and climb above 0.8430 level. If there is no change to the situation, then the pair could continue upward to target 0.8500 – 0.8525 area. However, if the pair turn lower again without printing new higher swing high, then there is a chance of bearish continuation to print new lower swing low.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8430, 0.8500 , 0.8530, 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY is trading inside a triangle pattern for now. It printed higher swing low and lower swing high. It means the situation is sideways until a breakout from triangle pattern happen or a new higher swing high / lower swing low printed on the chart. Traders might want to wait until both even happens before placing any positions.

Today’s Critical level to watch:

Support: 193.50, 190.00, 188.00

Resistance: 195.00, 198.00

GBP/CHF

GBP/CHF continue under bearish pressure but no breakout below 1.1060 support level yet. The pair might continue to consolidate near the support level and wait for either breakout or bounce upward. If bearish breakout happen, then the pair will target 1.0800 and lower. On the upside, if bullish bounce happen, then the pair will target a retest of 1.1200 resistance level.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200,