EUR/JPY

EUR/JPY continue the consolidation near the 140.50 level as expected. Traders will continue waiting for further reaction before the Fed FOMC meeting. The pair might move with strong momentum away from 140.50. The next higher high or lower low will confirm the next direction of the pair.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP moving upward after the bounce from the 0.8750 support level. The pair might continue the bullish movement to target the 0.8900 and 0.9000 resistance levels. At the current time, traders will continue to use 0.8750 and 0.8700 as places to enter long positions. As long as the pair continue printing new higher high and higher low, there is no reason to turn bearish.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY slightly lower but maintain the current level inside the consolidation area since a few weeks ago. If the pair trade lowers then we might see another test on the 156.58 support level. if the pair could continue to maintain the position above it and no lower low printed then the bullish trend could continue. If a new lower low is printed then the pair could continue moving lower toward the 153.50 and 150.00 support levels.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF closed lower with moderate bearish momentum yesterday. The pair getting near the 1.1200 support level again. If the pair breakout and closes below the support level then traders will prepare for a bearish continuation. At the current time, the pair is trading sideway between the 1.1200 support level and the trendline. Traders will wait for a close outside of the area to confirm the next direction.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750