EUR/JPY

EUR/JPY fell with strong bearish momentum today. However, the pair immediately reversed the drop and currently trading not far from the opening level. It seems the pair will continue the movement near trend line for now. As uncertainties grow in the global market, it seems the pair will eventually fall to target 154.00 – 155.00 area. However, if the trade war situation easing then there is chance of bullish reversal.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP printed new higher swing high, break the trend line and reached 0.8500 level. It seems the pair will continue the upward movement now or consolidate near the 0.8500 level. If the pair turn lower, then the 0.8400 level will become the support level to watch. On the upside, 0.8580 – 0.8600 will become the bullish targets to watch.

Today’s critical levels to watch:

Support: 0.8325, 0.8250

Resistance: 0.8400, 0.8500, 0.8530

GBP/JPY

GBP/JPY moved lower and reached the 188.00 level. The range between 188.00 – 194.00 still in play and no breakout yet. Will the pair bounce upward and retest the 193.50 – 194.00 area? Alternatively, will it finally breakout lower and continue the bearish trend?

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00

GBP/CHF

GBP/CHF continue the bearish movement with strong momentum. The pair immediately reached the bottom of green box area in short-time. If the situation does not change, then we might see bearish continuation or breakout below the box area next week. Under current situation, it is better to wait and see.

Today’s critical levels to watch:

Support: 1.1360, 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1400