EUR/JPY

EUR/JPY does not continue the bearish movement toward the 154.00 – 155.00 area and currently trading upward. The pair might consolidate near the current level, continuing the previous consolidation. As the trend is bullish, reaching a bearish correction in the pair is a chance for traders to add more long positions. At the current time, as long as the pair stay above 151.50, there is no need to change the outlook.

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 trading upward and currently testing the 0.8580 – 0.8600 area. The pair will need to break and close above the area to confirm a bullish continuation. On the other hand, if the pair get rejected from the area then the bearish trend could continue. There is no change to the bearish outlook yet for now and traders better await the chance to enter short positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY undergoes bearish correction and currently targeting the 182.45 level. The pair’s overall trend is bullish which means the current bearish movement is a chance for traders to add long positions. It is better to avoid shorting the pair as long as it trades above 178.50 and no new lower low is printed on the chart.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF continues under bearish pressure since the rejection from the 1.1200 level. The pair will keep continuing the bearish trend and target a new lower low on the chart. Traders will continue keep hold short positions with a stop above 1.1200. If the pair could close above 1.1200 with strong bullish momentum then the trend might turn bullish again.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750