EUR/JPY

EUR/JPY breakout above the trend line but come under bearish pressure today. The pair is trading back near the trend line and will test it. If the pair could maintain the positions above the trend line and bounce upward, then the bullish movement could continue. On the other hand, if the pair fall with strong bearish momentum, then it might continue the bearish movement to target 154.00 – 155.00 area.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP under bearish pressure and fall below 0.8580 – 0.8600 area. It seems the pair will target a lower support level at 0.8500 – 0.8530. No bullish reactions which for now, which mean it is better to avoid entering long positions. When there are bullish reactions, traders could consider entering long positions targeting 0.8700 – 0.8750 area again.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY return above the trend line and 188.00 level. It might continue moving upward to target 193.50 and the top trend line. At the current time, the pair is consolidating inside the area and traders will wait for further reactions. Will the pair bounce lower and resume the bearish trend to target 184.00 and 182.45?

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00

GBP/CHF

GBP/CHF made another bullish attempt today toward the 1.0800 level. The pair might attempt to extend the bullish movement to target the 1.1060 – 1.1100 area. As the overall trend is bearish, when there are bearish reactions from the resistance area, traders could enter short positions.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200,