EUR/JPY

The bear finally seized control on EUR/JPY and push the pair down with strong momentum. The pair might resume the bearish movement to target the lower trend line. As mentioned before, traders could wait for bearish correction near the trend line. When there is strong bullish reaction, traders could enter long positions.

Today’s critical levels to watch:

Support: 173.00, 170.00, 166.50, 165.00, 163.00

Resistance: 175.00

EUR/GBP

EUR/GBP mostly sideways below the 0.8750 resistance level. The pair might continue the ranging movement for now and look to breakout from 0.8700 – 0.8750 area. If the pair breakout and close above the area, then the bullish trend could continue. On the lower side, a bearish close below 0.8700 might trigger bearish continuation to test the trend line.

Today’s critical levels to watch:

Support: 0.8700, 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8750

GBP/JPY

GBP/JPY could not continue the bullish movement above the 200.00 level. It finally moves lower and print a new lower low. It is up to the bull now to defend the 198.00 level or not. If the pair close below 198.00 then the situation will turn bearish for medium-long term. No suggestion for now aside from waiting for reactions near the support level.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF bounced after testing the previous swing low. The bounce has no strong momentum, which might prompt another attempt soon. If the pair make a clean breakout below the level, then the bearish trend will continue. On the upside, a close above 1.0800 will cancel the bearish outlook and open the attempt to print higher swing high.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200