EUR/JPY

EUR/JPY continue the bearish movement without much bullish resistance. The pair will target the 154.00 – 155.00 area, and traders better avoid long positions now. When the pair starts a bullish correction, traders could use it as a chance to enter short positions.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP closed below 0.8325, but it shows bullish reactions and climb above the level today. The pair returned inside the 0.8325 – 0.8400 area and might consolidate inside it now. Traders who enter long positions near 0.8325 will hold the positions with 0.8400 as target. A new lower swing low will cancel the current bullish attempt.

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 make a major confirmation for bearish continuation today. The pair breakout below the triangle pattern, fall with strong bearish momentum and print a new lower swing low. If the pair make a bullish recovery, then traders could wait near the breakout point to enter short positions.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF turned lower but find support at the 1.1200 level. The pair bounced and erased most of the losses today. It might attempt to move upward and test the top of the consolidation range. It also might turn lower again and breakout below 1.1200 to target the bottom of green box area. Nevertheless, traders will continue to make use of the green box area 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