EUR/JPY

EUR/JPY made a bullish close yesterday and printed a new higher high. The pair might extend the bullish movement to target the higher Fibonacci Retracement levels. If the pair extned the bullish movement and print a new higher swing high then the trend will continue bullish. Meanwhile, a major bearish rejection from the current level might indicate a continuation of a bearish trend.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP bullish attempt immediately reversed today as the price traded below the opening level. The pair might resume the bearish trend and will target a new lower swing low on the chart. Nothing changed yet, on the upside, the pair need to close above 0.8325 to initially confirm bullish reversal.

Today’s critical levels to watch:

Support: 0.8250

Resistance: 0.8325, 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY bullish attempt broke above 198.00 yesterday but did not close above the resistance level. The pair is currently under bullish pressure and might continue testing the resistance level to print a new higher swing high. As the latest bearish attempt printed a new higher swing low, if the pair manage to print a new higher swing high then the trend will turn bullish.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF bearish pressure waning today as it bounced from the 1.1200 level. Despite the situation, there is no change to the pair situation which ranging inside the green box area or 1.1100 – 1.1360 area. Traders will continue to use the area to execute range trading strategies until a breakout and close outside of the area happen.

Today’s critical levels to watch:

Support: 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1225, 1.1360, 1.1400