EUR/JPY

EUR/JPY has turned upward, but the pair is in a bullish corrective phase. When it lost the upward pressure or reach resistance level, traders could start entering short positions. On the upside, a close above 164.00 will cancel the bearish scenario. We expect a lower high to form between 160.00 – 162.50.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP sideways situation continue near the 0.8325 level. Traders will wait for either bearish continuation below 0.8290 or an upward movement toward 0.8400. As the situation sideways, it is better to stay out of taking positions.

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 reached the broken trend line and currently will test it. If the pair get rejected with strong bearish reactions, then traders could enter short positions targeting a new lower swing low. On the upside, a close above 195.00 might confirm a bullish continuation.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF completed follow the ranging situation inside the green box area. Bearish rejections have happened, which give confirmation for traders to take out long positions and enter short positions with stop above the box area. If there is no change to the situation, then the pair will start moving lower to target the bottom of box area.

Today’s critical levels to watch:

Support: 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1225, 1.1360, 1.1400