EUR/JPY

EUR/JPY started a bearish correction after the rally and looks will retest the broken swing high at 175.00. Traders could wait near the level for bullish reactions. When there are bullish reactions, traders could enter long positions. For now, it is better to wait and see until there is bullish reactions before entering any trade.

Today’s critical levels to watch:

Support: 175.00, 173.00

Resistance: 178.285

EUR/GBP

EUR/GBP initially climb above 0.8700, but it lost the bullish pressure. The pair is back below the 0.8700 level and might close the day near it. The triangle pattern still valid for now and traders will observe the pair reactions inside it. Breakout below the level will open the downward path to target 0.8580 – 0.8600. Meanwhile, close above 0.8750 is bullish continuation confirmation.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY started a bearish correction after touched the 161.8% Fibonacci Extension level. The pair might turn lower and test the 200.00 – 201.23 area. Under current situation, traders will wait for bullish reactions near the area. When there are strong reactions, traders could enter long positions to target 208.00.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance:

GBP/CHF

GBP/CHF under bearish pressure today, but stay inside the 1.0660 – 1.0800 area. As mentioned before, traders will wait for a close outside the range to confirm the next trending direction. Until it happens, traders will continue to hold bearish outlook on the pair as the high and lows keep getting lower in each attempt.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200