EUR/JPY

EUR/JPY fell toward the 140.50 support level but managed to stage recovery today. However, the pair might continue its bearish attempt before any sign of a bullish reversal. Traders will continue to monitor the pair movement near the 140.50 support level for now. If the pair make a bearish close below the level then it needs to avoid printing a new lower low to cancel the bearish trend.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP continues under bearish pressure near 0.8580 – 0.8600. No conclusion yet as the pair continue trading near the area. If the pair could reverse the bearish pressure and close above the area then there is a chance of a bullish reversal. On the other hand, further weakness will bring the pair down to targets 0.8400 and 0.8325.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY tested the 164.00 support level again today and there is a bullish reaction. The pair might continue trading between the 164.00 – 168.50 area for now. Traders will continue to use the range to apply range trading strategy. On the lower side, a bearish close below 164.00 might become the bearish continuation confirmation.

Today Critical level to watch:

Support: 164.00, 161.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF building more bullish pressure to test the 1.1530 – 1.1600 area. The pair has not printed a new higher high which means the situation has not concluded yet. If the pair could close above 1.1600 then we might see a bullish continuation toward 1.1750 and 1.2000. If the pair get rejected then a close below 1.1200 could become the bearish continuation confirmation.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750