EUR/JPY

EUR/JPY resume the bearish movement and the pair gaining momentum. If there is no change to the situation, then the pair might reach 154.00 – 155.00 area soon. A close below 154.00 will confirm the continuation of long-term bearish trend. If the pair manage to bounce upward, then traders will use it as a chance to add short positions. However, failure to print a new lower swing low might turn the pair bullish again.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP pointed lower and might resume the bearish trend to target a new lower swing low. At the current time, the latest movement has printed higher swing high which mean a higher swing low will confirm the switch to bullish trend. A new lower swing low will cancel any bullish scenario. We could say, a close above 0.8400 might become a major bullish confirmation.

Today’s critical levels to watch:

Support: 0.8250

Resistance: 0.8325, 0.8400, 0.8500, 0.8530

GBP/JPY

GBP/JPY on the path lower with moderate bearish pressure today. The pair resume the bearish trend and will attempt to print a new lower swing low. On the lower side, a new lower swing low will confirm the continuation of long-term bearish trend. On the upside, a close above 193.50 or better, above 195.00 might cancel bearish outlook.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF hunted stop order above the green box area, but not showing bullish continuation sign. The pair stick near the top of box area and now traders will wait for further confirmation. We might see the pair consolidating near the top of box area. It is better to stay sideline or enter short speculative positions with stop above the latest high. Will the pair successfully contain the price movement inside the green box area again?

Today’s critical levels to watch:

Support: 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1225, 1.1360, 1.1400