EUR/JPY

EUR/JPY currently trading between the 135.00 – 137.40 area. Traders will continue waiting for a breakout from the range to confirm the next direction. The long-term trend is bullish but the short-term trend is neutral. If the pair continues moving lower and print a new lower low then the overall trend will turn bearish.

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 is trading upward to the 0.8500 resistance level. The pair looks trading inside a triangle pattern which suggests a neutral trend. Traders will wait for a breakout from the triangle range to confirm the next direction. The latest movement formed a higher low which might suggest the trend has switched from bearish to bullish for the short-term.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8580

GBP/JPY

GBP/JPY has not left the 161.00 – 164.00 area yet which means the consolidation will continue this week. Traders will wait until a weekly close outside of the range formed to confirm the pair’s next direction. Meanwhile, traders could continue to apply ranging strategies until a breakout happens.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF trading lower without strong bullish reactions. No significant bullish correction toward the resistance level which means the bear has full control. On the lower side, 1.1200 is the bearish target for the current movement. When a bounce happens, traders could enter short positions near the resistance level. 1.1380 – 1.1400 might become the area to watch next when a bounce happens.

Today’s critical levels to watch:

Support: 1.1200

Resistance: 1.1600, 1.1750