EUR/JPY

EUR/JPY fell sharply and printed a new lower swing low. The pair is in recovery mode right now and might attempt to climb toward the broken trend line. Traders could wait near the trend line for bearish reactions to enter short positions. On the upside, a new higher swing high will cancel the current bearish outlook.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP extended the bearish movement and breakout below 0.8325 support level. It seems the bear is in full control and might attempt to cancel the current bullish structure. If the pair manage to continue lower and print new lower swing low then traders better avoid long positions.

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 stay inside the triangle pattern and is expected to continue the ranging movement. Traders will wait until the pair make a breakout and close outside the area to confirm the next direction. Under current situation, it is better to stay sideline.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00, 198.00, 200.00

GBP/CHF

GBP/CHF almost reached the top of green box area. Traders could start take partial profit and move stop to breakout even in anticipation of either breakout or bearish rejection. No change to the sideways outlook of the pair, as long as the pair stay inside the area, traders will continue to apply range trading strategies.

Today’s critical levels to watch:

Support: 1.1000, 1.0800, 1.0500

Resistance: 1.1200, 1.1225, 1.1360, 1.1400