EUR/JPY

EUR/JPY continues under bearish pressure and there is no bullish close on the daily chart yet. However, the bearish pressure might recede soon and a bullish bounce might happen. On the upside, the Fibonacci Retracement level is the area to watch for the bullish test. If the pair formed bearish reactions then traders could enter short positions.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00

EUR/GBP

EUR/GBP maintains the bullish pressure at the 0.8580 – 0.8600 area and might break out above the area soon. Traders will observe the pair reactions near the area for now. If the pair could close above the area then the bullish trend will continue. On the other hand, if a bearish rejection happens then the pair might target the 0.8500 – 0.8530 area.

Today’s critical levels to watch:

Support: 0.8530, 0.8500, 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY made a bullish attempt today but immediately reversed to the downside again. The pair might extend the bearish movement toward 178.70. As the situation is mostly triggered by Yen’s fundamental situation, the bearish trend might continue longer. Traders better wait for a bullish bounce toward the resistance level for a chance to enter short positions.

Today’s Critical level to watch:

Support: 180.00, 178.70

Resistance: 190.00, 193.50

GBP/CHF

GBP/CHF bearish trend has not stopped yet as it fell below 1.1000. The bearish trend could continue to target the 1.0500 and parity levels. There is no sign of a bullish reversal and the bearish momentum is still strong. It is better to wait for a bullish correction toward the resistance level for a chance to enter short positions.

Today’s critical levels to watch:

Support: 1.0800, 1.0500

Resistance: 1.1000, 1.1200, 1.1225