EUR/JPY

The overall movement of EUR/JPY is mostly ranging near the 140.50 support level. The pair manage to maintain the position above the level and will attempt to bounce from it. At the current time, traders will stay sideline and wait for further reactions from the support level. If the pair continues moving lower and print a new lower low then the bearish trend is set to continue. On the other hand, if the pair could bounce and print a new higher high then there is a chance of bullish continuation.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP slowly moving lower and will target the 0.8750 support level. As mentioned in the previous analysis, if the pair manages to reach the level and bounce from it then traders could enter long positions. We still think the pair will continue the upward movement and print a close above 0.9000 to confirm the long-term bullish trend.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY is consolidating near the 160.00 level. The pair has not printed a new higher high or lower low which means traders will stay sidelined for now. The next higher high or lower low might confirm the pair’s next direction. On the lower side, 150.00 will become the long-term bearish target to watch. On the upside, a close above 164.00 will reverse the current bearish trend.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF trading upward to the 1.1200 level. The bear has the upper hand as the pair has printed a new lower low. However, if the pair could close above 1.1200 then there is a chance of upward continuation to the target 1.15300 – 1.1600 area. As long as the pair continue printing lower low and lower high, traders better stick with short positions.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750