EUR/JPY

EUR/JPY is under bearish pressure and seems will start a bearish correction. The pair will target the 142.75 level and test it. If the pair could bounce from the level then traders will expect another bullish continuation. However, if the pair fails to bounce then a bearish continuation will happen toward the 140.50 support level. A close below 140.50 will become a major bearish confirmation to watch.

Today’s critical levels to watch:

Support: 142.75, 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP pushed lower but no new lower low was printed yet on the chart. The pair maintain the close above 0.8750 and currently attempting to bounce from it. If the pair could bounce upward then it needs to print a new higher high to confirm upward continuation. If the pair start moving lower again and print a new lower low then it will confirm a new bearish trend.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY reverses the direction and might target the 161.00 level or the green box area. The pair situation is neutral as no new higher high or lower low printed yet. If the bearish attempt manages to print a new lower low then traders will prepare to enter short positions when a bullish correction happens.

Today’s Critical level to watch:

Support: 161.00, 160.00, 156.58, 153.50

Resistance: 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF situation continues sideway between the 1.1200 level and the trendline. The pair fail to close above the resistance level and now will move lower to test the 1.1200 support level. Traders will continue to monitor the pair movement between the 1.1200 and the top trendline. A breakout and close outside of the area might confirm the pair’s next direction.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750