EUR/JPY

EUR/JPY closed lower for the second day and might retest the 154.00 – 155.00 area. There is no higher high printed on the chart yet but no major movement with strong momentum too. The pair might consolidate near the 154.00 – 155.00 area and traders will monitor the pair reactions. If the pair could climb and print a new higher swing high then the bullish trend could continue.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP trading upward above the 0.8580 – 0.8600 area after it prints a higher swing low. The pair need to climb and print a higher swing high to confirm a bullish continuation. If the pair resume the bearish movement and print a lower swing low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY is slightly lower from the 182.45 resistance level. It seems the consolidation between 178.50 – 182.45 will continue and traders will monitor the pair reactions inside the area. A breakout and close outside of the area will confirm the pair’s next direction. If BOJ decides to continue raising interest-rate then the pair might favor a bearish movement.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF move lower with strong bearish momentum yesterday. The pair make a bullish attempt today but get rejected from the blue trendline. We think the pair will continue the bearish trend and traders could continue to hold short positions. Stop orders could be placed above 1.1200 or the latest swing high.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750