EUR/JPY

A bearish close below trend line has happened. The pair made a bullish attempt to return above the trend line but no close above the trend line yet. At the current time, the pair might attempt to stick near the trend line and create a false breakout situation. However, if the pair could extend the bearish movement with strong momentum, then the bearish trend will continue.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP extended its bearish streak and now is set to target the 0.8325 level. At the current time, the pair is back inside the 0.8325 – 0.8400 range, which might confirm ranging movement inside it. Traders will wait near 0.8325 for bullish reactions and chance to enter long positions.

Today’s critical levels to watch:

Support: 0.8325, 0.8250

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY stay inside the triangle area, which is different situation compared to EUR/JPY. The pair might continue ranging and traders will wait for a breakout from the range. When the pair breakout and form either higher swing high or lower swing low, it will confirm the pair’s next direction.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00, 198.00, 200.00

GBP/CHF

GBP/CHF climbing toward the top of green box area as planned. The pair will reach the resistance level soon and traders could take profit or shift to short positions after bearish reactions. No change to the ranging situation of the pair, and traders will continue to apply range trading strategies until breakout and close outside the area happen.

Today’s critical levels to watch:

Support: 1.1000, 1.0800, 1.0500

Resistance: 1.1200, 1.1225, 1.1360, 1.1400