EUR/JPY

EUR/JPY stick near the top and might continue consolidating while waiting for further reactions. If the pair start moving lower then traders could use the 154.00 – 155.00 area for a chance to enter long positions. As long as the pair continue printing higher high and higher low on the chart, there is no reason to turn extremely bearish.

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 is trading near the bottom and might continue lower to print a new lower low. On the upside, the 0.8580 – 0.8600 will become the resistance level to watch when a bullish correction happens. Traders will maintain a bearish outlook for now as the pair continue printing new lower low and lower high.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY hanging near the high and might extend the bullish movement to print higher highs. If the pair start a bearish correction then traders could use the 182.45 level as a place to enter long positions. Under the current situation, it is better to wait and see near the support level or continue holding long positions. A close below 178.50 could become a confirmation of a bearish reversal.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF is consolidating near the 1.1200 level and will wait for further confirmation. The pair situation is neutral now as it manages to close near 1.1200. However, if the pair resume the bearish movement and manage to 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