EUR/JPY

EUR/JPY fell sharply today which put the pair into a bearish trend. There is little chance that the trend will turn bullish again. However, a bullish bounce might happen near the 154.00 – 155.00 area before further downside. At the current time, traders might want to stay sideline and observe the pair reactions for now.

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 consolidating below the 0.8580 – 0.8600 area and might resume the bearish movement below it. At the current time, traders will monitor the pair reactions near the area. If the pair could climb and close above the area then we might see a short-term bullish correction.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY fell sharply, mirroring what happened in all Yen pairs. The trend has turned bearish which means traders better avoid long positions for now. On the lower side, 178.50 will become the bearish target to watch. When the pair makes a bullish correction toward the resistance level, traders could consider entering short positions.

Today’s Critical level to watch:

Support: 178.50

Resistance: 182.45, 184.00, 186.00

GBP/CHF

GBP/CHF printed a bearish close yesterday with a new lower low. The pair’s bearish situation might continue to target a new lower swing low. However, we could see a bullish reaction today erasing the previous day’s bearish close. Despite the bullish reaction, traders will assume the bearish movement will continue and use the upward movement to add short positions.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1060, 1.1100, 1.1200, 1.1530, 1.1600, 1.1750