EUR/JPY

EUR/JPY failed to confirm the bullish engulfing pattern with close above the high. The pair is under bearish pressure now and looks like will break out below 170.00. We could expect the pair to continue lower and target the trend line. Traders who has long positions could clear the positions for now or place stop order below 170.00. On the lower side, 167.348 might become the major support level to watch.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP hovering between 0.8700 – 0.8750 and might continue sideways for now. The pair will test the resistance area and attempt a bullish breakout. As the pair continue printing new higher swing high and higher swing low, it is not the time to switch to bearish view. However, if the pair fail to print a new higher swing high, and fall to print a lower swing low, then the trend could turn bearish.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500, 0.8430, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY breakout lower with massive bearish pressure. It seems the consolidation between 198.00 – 200.00 breakout has shown the next direction. There is chance the bull bring the pair upward again to retest 198.00 before further downside. If the pair turn higher, then traders could use 198.00 – 200.00 area as a place to enter short positions with tight stop above 200.00.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF turned higher again after touching the previous swing low. The pair direction is bearish, but if the pair climb and close above 1.0800 then the situation will turn bullish. No change to the bearish outlook, traders who have short positions will continue to hold the positions with stop above 1.0800.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200