EUR/JPY

EUR/JPY has not left the bearish candlestick range, which mean the current situation is sideways. The pair bullish structure still intact and expected to continue upward and target 183.40. However, if the pair start a bearish correction, then traders could wait at the lower Fibonacci levels & The trend line for long positions.

Today’s critical levels to watch:

Support: 180.54, 180.00, 178.765, 175.00,

Resistance: 182.00

EUR/GBP

EUR/GBP bounced from the 0.8750 level and looks moving upward with strong momentum. If there is no change to the situation, the pair could continue the bullish trend and reach new higher swing high. On the lower side, a close below the trend line or 0.8700 will confirm a trend reversal.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600

Resistance: 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY turn lower and currently sit near the previously broken swing high. The downward movement has strong momentum and there is no reaction yet. If the pair could stall and trade near the current level, then traders will expect bullish bounce and continuation to target 161.8% Fibonacci Extension level. Traders who entered long positions near 200.00, will place stop order above the level now.

Today’s Critical level to watch:

Support: 205.00, 200.00, 198.00, 195.00

Resistance: 207.00

GBP/CHF

GBP/CHF show slight bearish rejection from the 1.066 level. No major bearish reactions yet, and the pair stick near the level. The longer it takes, the higher the chance for the pair to break out and turn the trend bullish. For now, traders will observe the pair reactions near the 1.066 level.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200