EUR/JPY

EUR/JPY printed a bearish engulfing pattern near the 137.40 resistance level. The pair might come under bearish pressure to retest the 134.50 – 135.00 area. If the pair continue trading lower then traders will observe the pair reactions near the area. Bullish reactions from the area might turn into a new bullish leg.

Today’s critical levels to watch:

Support: 135.00, 134.50

Resistance: 137.40, 140.50, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP currently trading upward inside the 0.8400 – 0.8500 area. The pair is expected to reach 0.8500 and form bearish reactions or a lower high. Traders could enter short positions near the level with a stop above the previous swing high. As long as the pair continue printing new lower low and lower high then the trend will continue bearish.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8580

GBP/JPY

GBP/JPY has broken below the triangle pattern but no bearish continuation yet. The pair currently ranges between 161.00 – 164.00 and might continue until the breakout happen. Traders will observe the pair reaction between 161.00 – 164.00 area for now. When a breakout happens, traders could trade based on the breakout direction.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF slowly turn lower after moving sideways near 1.1600. The pair is on the bearish path and there is no change to the situation. Traders will continue to avoid long positions until the pair make a bullish close above 1.1750. At the current time, traders who have short positions from the top could continue to hold the positions.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.1750, 1.2000, 1.2125