EUR/JPY

EUR/JPY bullish correction stopped near the yellow box area but no major bearish movement yet. The pair is currently consolidating before the Fed interest-rate decision. If the pair continues the bearish movement then traders will expect another retest on the 154.00 – 155.00 area and a possible breakout lower.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00

EUR/GBP

EUR/GBP bounced and started moving upward above the 0.8580 – 0.8600 area. The pair moving up with moderate bullish momentum which could bring it to reach 0.8650. Traders will observe the pair reactions near the resistance level. When there is bearish reactions, traders could enter short positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY got rejected from the 182.45 – 184.00 area and looks will start moving lower again. On the lower side, 178.50 is the support level to watch. We think a breakout might happen when a bearish movement happens. However, a close above 184.00 will delay the bearish movement and bring the pair upward.

Today’s Critical level to watch:

Support: 178.50

Resistance: 182.45, 184.00, 186.00

GBP/CHF

GBP/CHF is mostly lower and might continue the bearish trend below 1.1060. The pair situation is bearish and traders who already entered short positions near the 1.1060 or the yellow box area could hold the positions for now. On the lower side, the pair will attempt to print a new lower low to confirm a bearish continuation.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

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