EUR/JPY

EUR/JPY could not continue the bullish movement today as the pair turned lower. Despite the situation, it might be a pause before further upside in the pair. Traders will monitor the pair movement for now. If the pair extend the bullish movement, then 162.39 will become the bullish target to watch.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP stick near the 0.8325 level now as it’s consolidating. The pair back inside the 0.8325 – 0.8400 range and is expected to continue trading inside it. Traders who enter long positions at 0.8325 will place stop order below the latest swing low. On the upside, 0.8400 is the bullish target to watch.

If the pair fall below the latest swing low or 0.8290 then the bearish trend will continue.

Today’s critical levels to watch:

Support: 0.8325, 0.8250

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY showed bearish rejection near the trend line and the 193.50 resistance level. It might be a short-term reaction, as the bearish pressure has no strong momentum. Traders will monitor the pair movement near the current level for now. If the pair fall with strong bearish momentum, then it will attempt to continue the bearish trend and print a new lower swing low.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF get rejected at the top of green box area, which mean the consolidation will continue. As mentioned before, traders will enter short positions near the top of range and expect bearish movement to target the bottom of range. No change to the situation, traders will make sure to place stop order above the box area.

Today’s critical levels to watch:

Support: 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1225, 1.1360, 1.1400