EUR/JPY

EUR/JPY might have broken below the triangle pattern and confirm a bearish correction to target the lower trend line. However, the movement has no momentum, which might result in the pair continue moving sideways and disregarding the triangle pattern. It might be better to wait and see for now. If the pair turn lower and reach the lower trend line, then traders could consider entering a long position.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP back under bearish pressure, and it might retest the 0.8580 – 0.8600 area again. If the pair breakout and close below 0.8580 then the trend might turn bearish with 0.8500 as nearest target. Something to note, the pair formed another lower swing high, and it only needs a lower swing low to confirm a bearish trend.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500, 0.8430, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY stay sideways inside the 198.00 – 200.00 area. No change to the situation, consolidation will continue for now and traders will continue waiting for breakout. The sideways situation could continue longer until next month. Under current situation, it is better to stay sideline.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF flattening near the 1.0800 level and not showing strong rejection. If the pair take longer time, then we might see a bearish attempt to sweep the stop level below 1.0800. After the sweep, it could either turn into bearish continuation or bullish reversal. Under current situation, it is better to wait for further confirmation.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200