EUR/JPY

EUR/JPY continues moving lower in search of a new higher low. It might reach the trendline to test it and bounce from it. If the pair could bounce with strong bullish reactions and form a higher swing low then the bullish trend will continue. On the lower side, the area between 160.00 – 161.00 could become the support area to watch as a bearish target.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00, 151.50, 148.50

Resistance: 162.00, 163.00

EUR/GBP

EUR/GBP’s bullish attempt at the top of the green box area or the 0.8580 – 0.8600 resulted in a bearish rejection. The pair will continue the ranging movement inside the green box area and traders will wait for a breakout from the range. No clue on the next direction for now as the consolidation inside the green box area will continue.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY turned lower after forming a new higher high on the chart. The pair now will attempt to move lower and test the trendline and 188.50 support level. If the pair could bounce from the support levels and move upward with strong bullish momentum then the bullish trend could continue. However, a breakout below 188.50 and a new lower low will cancel the current bullish outlook.

Today’s Critical level to watch:

Support: 188.50, 186.00, 184.00, 182.45, 178.50

Resistance: 190.00

GBP/CHF

GBP/CHF is moving upward without any major bearish correction. It seems the pair is supported by a bullish trendline and will target the 1.1530 – 1.1600 resistance area in the medium-long term. Traders could use the trendline as a place to enter long positions. However, if a bearish breakout happens then traders could expect a pullback toward the 1.1200 – 1.1225 area.

Today’s critical levels to watch:

Support: 1.1200, 1.1100

Resistance: 1.1530, 1.1600, 1.1750