EUR/JPY

The bearish movement of EUR/JPY continue as it print new lower swing low and getting near the 154.00 – 155.00 area. The trend is bearish now which mean traders could use each bullish correction as a chance to enter short positions. When the pair breakout below 154.00 – 155.00 area, the bearish trend will continue for long-term.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP closed the week near 0.8325 and opened slightly below it. The pair might continue trading near the 0.8325 level now. If the pair extended the bearish movement and print a new lower swing low, then the bearish trend will continue. At the current time, the pair might consolidate between 0.8325 – 0.8400.

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 closed the week near the 188.00 level. The pair has printed a new lower swing low, which mean the bearish movement is expected to continue. On the upside, 190.00 and the trend line will become a resistance level to watch.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF is supported by the 1.1200 level and the pair looks will attempt to extend the bullish movement toward the top of green box area. The consolidation inside the green box area will continue and traders will use range trading strategy until breakout happen.

Today’s critical levels to watch:

Support: 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1225, 1.1360, 1.1400