EUR/JPY

EUR/JPY continues the bearish movement and will test the lower Fibonacci Retracement level. Traders will observe the pair reactions near the current level. If the pair could bounce upward and return above the trendline then there is a chance of bullish reversal.

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 is mostly lower and currently trying to move upward to test the 0.8580 – 0.8600 area. We might see a short-term bullish recovery which might turn bearish at any time. Traders will wait for bearish reactions near the resistance level for confirmation of bearish movement.

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 movement toward the 184.00 and 182.45 support levels. Traders will wait near both support levels for bullish reactions. When there are bullish reactions, traders could prepare to enter long positions targeting a new higher high.

Today’s Critical level to watch:

Support: 184.00, 182.45, 178.50

Resistance: 186.00

GBP/CHF

GBP/CHF upward movement tested the 1.0600 level and produced bearish reactions. However, there is no new lower low printed on the chart which means the situation is neutral. The pair might consolidate near the current level and traders will wait for reactions near 1.0600 for confirmation of the next direction.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

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