EUR/JPY

EUR/JPY slowly moving lower after the recent bullish correction. The pair might resume the bearish trend to target 154.00 – 155.00 area also to try printing new lower swing low. As the situation has turned bearish, traders who enter short positions will place stop order above 164.00 or the latest swing high. Or traders could place stop order above the nearest swing high at 161.13.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP left the 0.8325 – 0.8400 area with moderate bearish pressure. It seems the bull has failed to maintain the bullish situation. The bearish movement currently testing the swing low and might print new lower swing low. Under current situation, it is better to avoid long positions unless traders want to speculate with tight stop order.

Today’s critical levels to watch:

Support: 0.8250

Resistance: 0.8325, 0.8400, 0.8500, 0.8530

GBP/JPY

GBP/JPY moving lower for the fourth days, however the bearish movement has no strong momentum. The pair seems forming support level near 190.77 – 191.00 where it might bounce upward. As long as the pair has not moved lower the latest bullish candlestick low, it is better to assume the bullish movement has not done yet.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF building more bullish pressure and back near the top of green box area. Despite the situation, there is no change to the ranging situation of the pair. Traders will continue to maintain short positions with stop above the latest swing high. If the pair make breakout and close outside the range, then traders will get confirmation on where the pair will move next.

Today’s critical levels to watch:

Support: 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1225, 1.1360, 1.1400