EUR/JPY

EUR/JPY looks under bearish pressure in today’s trading session. The pair might start a bearish correction to target the 154.00 – 155.00 area and traders might want to wait near the area for a chance to add long positions. At the current time, the pair continue printing a new higher high and higher low which means there is no change to the bullish trend yet.

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 resume the bearish movement today below the previous week’s low. The pair seems will continue the bearish trend and print a new lower low on the chart and traders better avoid entering long positions for now. If the pair could reverse the bearish pressure and start moving upward then the 0.8580 – 0.8600 area will become the resistance level to watch.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY extend the bullish movement yesterday and closed near the top. The pair is currently under bearish pressure and might start a bearish correction toward the 182.45 level. Under the current situation, traders will continue to assume the trend will continue bullish and wait for a bearish correction to enter long positions at a lower level.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF’s consolidating near the 1.1200 level and might continue sideway for now. The overall direction is neutral for now as the pair will attempt to print a higher swing high to reverse the bearish trend. If the pair could continue the climb then a trend reversal will happen. On the other hand, if the pair resume the bearish movement and print a new lower low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750