EUR/JPY

EUR/JPY continue moving inside the triangle pattern. There is bearish rejection from the top of the triangle pattern, and might bring the pair down to test the lower part. Traders will continue waiting for a breakout from the triangle pattern to confirm the next direction. We still favor the increase of JPY as BOJ might rise interest-rate. However, de-escalating of tariff war might give more bullish sentiment to Euro which cause the pair moving upward.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP pushed lower below the 0.8525 levels. It seems the pair will continue the bearish movement to target the 0.8400 – 0.8435 area next. If the pair could stabilize and bounce from the area, then it might trade between 0.8400 – 0.8525 until next momentum movement happen.

Today’s critical levels to watch:

Support: 0.8530, 0.8500

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY keep gaining and distancing itself from the 188.00 level and the bottom trend line. We might see bullish continuation to target the top trend line and the 193.50 – 194.00 area. Traders will use the range to apply range trading strategies for now. Alternatively, waiting for breakout and close outside the range might be the safer choice.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF bullish correction has reached the 1.1060 level and reversed just before it could touch 1.1100. The pair might consolidate near the current level and waiting for reactions. As mentioned before, if there is strong bearish rejection, then 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,