EUR/JPY

EUR/JPY turn lower again but managed to bounce before printing a new lower low. The pair recover to the opening level and might attempt to bounce upward. However, if the pair extend the bearish movement, then there is chance for it to close the gap and test trend line. Nevertheless, traders will maintain a bullish outlook on the pair for now.

Today’s critical levels to watch:

Support: 175.00, 173.00

Resistance: 178.285

EUR/GBP

EUR/GBP moving back and forth near the 0.8700 and trend line. The pair could maintain the trend line for now, but there is no strong bullish continuation confirmation. Traders will wait for a breakout from the triangle pattern for now. When there is a breakout, traders will get confirmation on the next direction.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY is supported by the previously broken swing high. The pair is in a bearish correction phase for now and will attempt to form a base before continuing the bullish trend. On the lower side, there is a chance for the pair to continue lower and retest the 200.00 level. Traders will use the chance to enter long positions when the bearish correction continues.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF stick near the 1.0660 level for now, and the high looks getting lower. If the situation continues, then we might see a bearish breakout soon. Traders will wait for the confirmation while continue holding short positions. On the upside, a close above 1.0800 will become the invalidation confirmation for the current bearish outlook.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200