EUR/JPY

EUR/JPY made a bullish attempt today but the pair lost bullish pressure. At the current time, the pair is trading below the opening level. If the pair starts another bearish correction then it will target the 154.00 – 155.00 area. Traders could use the bearish correction as a chance to enter more long positions at the support level.

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 upward as it tests the 0.8580 – 0.8600 area. The pair will wait for further reactions from the resistance area. If the pair get rejected with strong bearish reactions then the bearish trend could continue. On the other hand, a close above the area might indicate further strength to test the previous swing 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 seems will move lower to retest the 182.45 level. No change to the bullish outlook and traders could prepare to add more long positions when retest happen. When there are bullish reactions from the support level then traders will have confirmation to enter long positions. However, if the bearish pressure continues and the pair falls below 178.50 then we might see a change of trend from bullish to bearish.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF bullish attempt failed today as the pair fell back below the opening level. The current bearish move has strong pressure which might push the pair lower to print a new lower low. When the pair form a new lower low then traders will have bearish confirmation. As long as the pair stay below 1.1200 and no new higher high 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