EUR/JPY

EUR/JPY bearish movement has reached the 154.00 – 155.00 area and showed a little bullish reaction. The pair might bounce in the short-term but we might see another retest in the 154.00 – 155.00 area. Traders will brace for a bearish breakout after consolidation near it. On the upside, the yellow box area might become the resistance level to watch for a bearish reaction.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00

EUR/GBP

EUR/GBP consolidating near the 0.8580 – 0.8600 and waiting for further reactions. The pair might resume the bearish movement after the current bearish movement. Traders will continue waiting for further reactions for now. If the pair could close above 0.8600 then the bullish correction could happen.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY bearish movement touched the 178.50 and showed immediate bullish reactions. At the current time, the movement of the pair has high volatility. The pair might trade between 178.50 – 184.00 for now while waiting for further confirmation. We think the bearish movement could continue and a breakout below 178.50 will become the bearish continuation confirmation.

Today’s Critical level to watch:

Support: 178.50

Resistance: 182.45, 184.00, 186.00

GBP/CHF

GBP/CHF trading upward and soon will retest the 1.1060 level or the yellow box area. The overall trend is bearish which means a bearish rejection could become the signal to enter short positions. On the upside, a close above 1.1200 will cancel the current bearish outlook and bring the pair back into bullish trend.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

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