EUR/JPY

EUR/JPY under bearish pressure again today. However, the pair managed to slightly recover. If the pair continue moving lower, then traders could wait near the trend line for bullish reactions. When there is bullish reactions, traders could add long positions. We still expect the pair to continue upward and print a new higher swing high.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP pushed lower at early trading session. But, it managed to reverse and currently trading above the opening level. It also surpasses 3 previous candlesticks, which show strong bullish interest. As there is no lower swing low printed, there is chance of bullish continuation to target 0.8700 – 0.8750 area.

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 experienced another rejection from the 200.00 level and fall toward 198.00. If the pair respect the support level, then we might see ranging movement between 198.00 –  200.00 until breakout. As we mentioned before, we expect a strong bullish breakout above 200.00. The only thing that will cancel the bullish outlook is a new lower swing low below 195.00.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF move lower with strong bearish pressure today. It reached the 1.0800 support level where we expect bullish bounce to happen. However, the rate of fall is too fast, which might suggest bearish continuation to test the level below 1.0800. Under the current situation, it is better to wait until the bearish pressure receded before entering long positions.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200