EUR/JPY

EUR/JPY hanging near the swing high and there is no major movement yet. The pair could immediately continue the bullish movement, but it might also turn lower to retest the 167.348 level or the trend line before continuing upward. At the current time, when there is bearish correction, traders will use it as a chance to enter long positions.

Today’s critical levels to watch:

Support: 166.50, 165.00, 163.00

Resistance: 170.00

EUR/GBP

EUR/GBP reached the 0.8580 – 0.8600 resistance area where it will test the area. If the pair could immediately break out higher, then it will target the 0.8700 – 0.8750 resistance area. On the other hand, if the pair turn lower again, then it might retest the 0.8500 – 0.8525 area. As the pair continue printing new higher swing high and higher swing low, traders will favor long positions.

Today’s critical levels to watch:

Support: 0.8530, 0.8500, 0.8430, 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY turn lower below the 198.00 level and with moderate bearish momentum. However, the bearish pressure receded, and the pair recover toward the previous day’s low. If the recovery continue and the pair close near the opening level then it is strong signal of bullish continuation for tomorrow trading session.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF consistently lower and almost reach the 1.0800 bearish target. The pair is expected to continue the bearish movement and reach target, also print a new lower swing low. A bullish reaction has occurred today as the pair recovering to the opening level. Even though it looks bullish, it might be temporary reaction before the pair continue the bearish movement.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200