EUR/JPY

EUR/JPY stopped moving lower today, but the direction is bearish. As mentioned before, when the pair starts a bullish correction, traders could wait near resistance level to enter short positions. At the current time, the trend is bearish and 154.00 -155.00 is the bearish target to watch. A breakout and close below the level might be imminent, especially when BOJ decide to raise interest-rate.

However, if the pair could print new higher swing high, then the bearish scenario will be canceled.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP on the path lower after the breakout below 0.8325. The pair might continue the bearish movement and print a new lower swing low to confirm the bearish continuation. The only way to delay or cancel the current bearish trend is a movement above 0.8500. Under current situation, it is better to wait until the pair test previous swing low to determine if the bearish trend will continue or a bullish leg develop.

Today’s critical levels to watch:

Support: 0.8250

Resistance: 0.8325, 0.8400, 0.8500, 0.8530

GBP/JPY

GBP/JPY pushed lower and closed for three days lower. The pair will test the 188.00 support level and attempt to breakout below it. If the pair could break out lower and print new lower swing low, then it will confirm the continuation of long-term bearish trend. However, if the pair could climb and close above 193.50 then the situation might turn bullish again.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF maintain its position near the 1.1360 for now. There is no major confirmation yet on whether the pair will continue upward or continue the consolidation inside the green box area. Traders will wait sideline for now and observe the pair reactions. We still assume the pair to continue the consolidation inside the green box area. However, a new higher swing high will cancel the outlook.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1360, 1.1400