EUR/JPY

EUR/JPY looks trading sideways between 135.00 – 137.40 and inside a triangle pattern. Traders will wait for the pair to break out from the range to confirm the next direction. At the current time, traders will continue to apply range trading strategies until a breakout happens.

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 trading upward and printed a higher low in the previous bearish attempt. However, the pair also printed a lower high on the chart which means the situation is neutral for now. The next higher high or lower low will become the confirmation for the next direction of the pair.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8580

GBP/JPY

GBP/JPY is trapped between the 161.00 – 164.00 area for now. There is no change to the outlook of the pair yet which means traders will continue to apply range trading strategies for now. We could see more support level tests than tests on resistance levels. It might be a sign that a bearish breakout is more likely to happen.

However, it is better to wait until the actual breakout happens before placing positions.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF shows bullish pressure in today’s trading session. The pair will attempt to build more pressure to target the broken support level. On the upside, the area between 1.1530 – 1.1600 will become the resistance area to watch. Traders could use the area as the place to enter short positions when bearish reactions happen.

Today’s critical levels to watch:

Support: 1.1200

Resistance: 1.1600, 1.1750