EUR/JPY

EUR/JPY pushed lower and reached the 154.00 – 155.00 area again. A retest has happened and we have a bullish bounce from the area. At the current time, the pair might attempt to move upward and print a new higher high to reverse the bearish trend. If the pair fails to print a higher high and start moving lower again then we might see a bearish breakout below the area.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00

EUR/GBP

EUR/GBP returned above 0.8580 – 0.8600 and attempted to continue moving upward. The current movement might start to turn sideway near the area and traders will wait for further reactions. The overall trend has turned bearish which means traders will use each bullish correction as a chance to add 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 pushed lower and tested the 178.50 support level. There is a bullish reaction from the support level and the pair currently trading above the opening level. We might see the pair continue the bullish movement to test the 182.45 – 184.00 area. As long as there is no bullish breakout and a close above 184.00, the trend will continue to be bearish.

Today’s Critical level to watch:

Support: 178.50

Resistance: 182.45, 184.00, 186.00

GBP/CHF

GBP/CHF made a bullish attempt today at the 1.1060 resistance level after the previous day’s lower low. Traders will wait for reactions near the level. When there are bearish reactions, traders could enter short positions targeting a new lower low. However, if the pair continue moving upward and close above 1.1200 then the trend will turn bullish.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

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