EUR/JPY

EUR/JPY resuming the bearish movement today with moderate bearish pressure. The pair will attempt to print lower low to extend the bearish movement. Under current situation, it is better to stick with bearish scenario and wait until the pair find support level. When the pair bounce upward, traders could use it as chance to enter short positions near resistance level.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP failed to maintain the 0.8325 level, but the pair stick near it for now. Will the pair bottoming out near the level and start another bullish leg? Alternatively, will it continue lower and print new lower swing low to cancel the bullish scenario?

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 breakout below the trend line with moderate bearish pressure today. However, the pair might close the day above 190.00 which could mean no solid breakout. If there is not enough bearish pressure, then the pair might return inside the triangle area and continue the consolidation.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00, 198.00, 200.00

GBP/CHF

GBP/CHF slightly lower before it could reach the top of green box area. Traders could continue hold long positions or start take partial profit and ready for bearish leg toward the bottom of green box area. No breakout from the area yet which mean 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