EUR/JPY

EUR/JPY looks moving lower and will target the 154.00 – 155.00 area. The pair currently is in a bullish trend and a bearish correction is a chance for traders to add more long positions. On the lower side, we expect the pair to print the next higher low around the 154.00 – 155.00 area. However, if the pair continues the bearish movement and closes below 151.50 then the bearish trend could continue.

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 stages a bullish recovery toward the 0.8580 – 0.8600 area. The pair will test the resistance area and traders will continue to observe the reaction for now. If the pair get rejected with strong bearish reactions then the bearish trend could continue. On the other hand, a close above 0.8600 which is followed by a new higher swing high is a bullish confirmation.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY started a bearish correction toward the 182.45 support level. Traders will wait for bullish reactions near the support level before entering positions. We think the pair might form a new higher low around 178.50 – 182.45 and traders will prepare to enter long positions. However, if the pair closes below 178.50 and for a new lower low then the bearish movement could continue toward 172.00.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF is mostly lower below the 1.1200 support level which might confirm a bearish continuation. However, the pair could not print a new lower low in the previous bearish attempt. If the current bearish movement could not print a new lower low then the trend might turn bullish again when the pair could return above 1.1200.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750