EUR/JPY

EUR/JPY on the path lower, but the pair currently stalled near the previous swing low. We have 154.00 – 155.00 as bearish target and expect the pair to break out and continue the bearish trend for long-term. However, if the pair could turn upward from the current level, then we will have a double bottom pattern. A new higher swing high might cancel or delay the current bearish situation.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP consolidating near the current level and no confirmation on the pair’s next direction. The pair might immediately resume the bearish movement to target a new lower swing low. It is also possible that the pair make a bullish correction to retest 0.8325 before further downside.

Today’s critical levels to watch:

Support: 0.8250

Resistance: 0.8325, 0.8400, 0.8500, 0.8530

GBP/JPY

GBP/JPY is supported by the 188.00 level and currently consolidating near it. The pair might attempt to breakout lower to resume the bearish trend. On the upside, 190.00 is the resistance level to watch if the pair make a bullish correction. Following the situation, it might be better to stick with short positions.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF got rejected from the top of green box area and looks to start moving lower. Previously, the pair keep climbing and attempting to breakout, but it seems that the bear has seized the control. If there is no change to the situation, then traders will expect the pair to continue lower and target the bottom of green box area.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1360, 1.1400