EUR/JPY

EUR/JPY extended the bearish movement and breakout below the trendline. At the current time, the pair is trading inside the Fibonacci Retracement level which might result in a bounce. However, traders will prepare for further weakness as the pair has fallen below the trendline. If the pair cannot return above the trendline then traders will assume more bearish continuation.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00, 151.50, 148.50

Resistance: 162.87, 171.00

EUR/GBP

EUR/GBP broke below the 0.8580 – 0.8600 area and closed below it. The pair is in a bearish trend and might continue lower toward 0.8500 next. A bullish correction might happen but traders might want to avoid entering long positions for long-term yet. If the pair could return above 0.8580 – 0.8600 then there is a chance of upward movement toward 0.8650.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY continues the bearish correction with 184.00 and 182.45 as a bearish target. No lower low is printed on the chart which means the current bullish trend is still intact. Traders will observe the pair reactions near the support level for a chance to enter long positions.

Today’s Critical level to watch:

Support: 184.00, 182.45, 178.50

Resistance: 186.00

GBP/CHF

GBP/CHF attempted to return above 1.0600 but was immediately rejected. At the current time, the pair is trading lower below the opening level. When the pair manage to print a new lower low then the bearish trend could continue. On the upside, a close above 1.1200 will cancel the current bearish trend and bring the pair into a new bullish trend.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.0600, 1.1100, 1.1200, 1.1530, 1.1600, 1.1750