EUR/JPY

EUR/JPY’s bearish attempt failed to move lower and erase the bullish candlestick printed two days ago. The pair experienced a bullish reaction and bounced from the 163.66 level. If the pair could continue moving upward and print a new higher high then the bullish trend could continue. On the lower side, if the pair print a new lower low then the trend will turn bearish with a cluster of Fibonacci Retracement 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 makes another bullish attempt at the 0.8580 – 0.8600 resistance level and we see another bearish rejection. However, the bearish pressure seems losing momentum and the highs keep getting higher. If the pair could break out and close above 0.8600 then the trend will turn bullish. Nevertheless, the pair might continue consolidating inside the green box area and traders will continue to monitor the pair’s movement inside it.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY bearish attempt managed to print a new lower low but immediately experienced bullish reactions. At the current time, the pair is trading above the opening level and will attempt to extend the bullish movement. The overall trend is bullish which means traders will expect new higher highs after the current bearish correction. However, if the pair manages to print a lower swing low below 188.50 then the trend will turn bearish.

Today’s Critical level to watch:

Support: 188.50, 186.00, 184.00, 182.45, 178.50

Resistance: 190.00

GBP/CHF

GBP/CHF made a bearish pin bar pattern yesterday and there is a bearish attempt in today’s trading session. However, the pair seems maintained above the trendline and we might not see a close below it yet. If the pair could immediately move upward with strong bullish momentum then traders will expect it to target the 1.1530 – 1.1600 area.

Today’s critical levels to watch:

Support: 1.1200, 1.1100

Resistance: 1.1530, 1.1600, 1.1750