EUR/JPY

EUR/JPY choppy situation continue without clear direction. We could say the pair situation is sideways as it sticks near the trend line. Traders will continue to wait for confirmation on where the pair will move next. Under current situation, it is better to choose other pair to trade until the direction confirmed.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP stalled near the 0.8580 – 0.8600 area, but the low keep getting higher. If the pair could maintain its position near the current level, then we might see a bullish breakout. Traders will assume the pair range between 0.8525 – 0.8600 and wait for breakout to confirm the next direction.

Today’s critical levels to watch:

Support: 0.8530, 0.8500

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY mostly sideways near the trend line and the 188.00 level. The pair sideways situation might continue for now and traders will wait for further confirmation. Will the pair continue upward to confirm the consolidation between 188.00 – 193.50? Alternatively, will it breakout lower and continue the bearish trend to target 184.00 and 182.45?

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF triangle pattern has not broken yet as the pair trade near 1.0800. If the global market situation stay with high uncertainties, then we will assume the pair to continue the bearish trend. However, if the pair start a bullish correction, then 1.1060 – 1.1100 is the area to watch for bearish reactions.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200,