EUR/JPY

EUR/JPY mostly sideways inside the triangle pattern. We have moved the upper trend line for more updated situation. Traders will wait for the pair to move outside the triangle pattern to get confirmation on the next movement.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP stabilize and start moving sideways between 0.8525 – 0.8600 now. We still favor bullish continuation to retest the 0.8700 – 0.8750 area. However, if bearish breakout below 0.8525 happen, then the pair might target 0.8400 – 0.8435 for retest.

Today’s critical levels to watch:

Support: 0.8530, 0.8500

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY formed a triangle pattern as shown on the chart. The pair will continue its consolidation for now and traders will wait for breakout. We think the breakout will happen to the upside and the pair resume the ranging between the two trend lines. At the current time, traders are watching closely the negotiations between U.S – China. If the tariff war resolved then we will see GBP/JPY continue upside as traders moving out safe-haven currencies.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF has started a bullish correction toward the 1.1060 – 1.1100 resistance area. Traders will wait near the area for bearish reactions. When the pair form a major bearish reaction, traders could enter short positions targeting 1.0800 and lower.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200,