EUR/JPY

EUR/JPY on the path toward the 154.00 – 155.00 area. The pair extended the bearish movement and there is no bullish sign yet. Traders will wait near the support area for bounce reactions. When bounce reactions happen, traders could enter short-term long positions to target up to 160.00. When the pair reach resistance level or produce major bearish pattern, then traders could switch to 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 above the 0.8325 level again but currently under bearish pressure. The pair might continue trading near the 0.8325 level for now. However, traders will wait for the weekly closing level to determine if the pair managed to return inside the 0.8325 – 0.8400 area or close outside of it.

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 has reached the 188.00 level and there is stop hunt below the level. At the current time, the pair is trading back near the opening level and might close the day near it. The overall trend is bearish, which mean there is chance of bearish continuation to target 184.00 and 182.45 next. Traders will use each bounce reactions in the pair as chance to enter short positions.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF bounced from the 1.1200 level and now looks moving upward to target the top of green box area again. The consolidation inside the box area will continue and traders will continue to apply range trading strategies. No change to the strategies yet until the pair close outside the range.

Today’s critical levels to watch:

Support: 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1225, 1.1360, 1.1400