EUR/JPY

EUR/JPY is consolidating not far from the 154.00 – 155.00 area. The pair pausing it movement as it also near the previous swing low. When the pair continues the bearish movement, it will confirm the continuation of bearish trend. Especially, a breakout below 154.00 – 155.00 area will turn the long-term trend to bearish.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP is under bearish pressure and printed new lower low. But the pair hesitant to continue the bearish movement and currently trading near yesterday’s low. Will the pair resume the bearish trend to target a new lower swing low? Alternatively, will it turn upward again to retest the 0.8325 level before moving further lower?

Today’s critical levels to watch:

Support: 0.8250

Resistance: 0.8325, 0.8400, 0.8500, 0.8530

GBP/JPY

GBP/JPY is trading sideways, similar to the EUR/JPY movement. The overall direction is bearish for medium-term. However, the pair need to breakout and close below 188.00 to confirm the continuation of long-term bearish trend. On the upside, traders could use the 190.00 level as a resistance level to enter short positions.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF moving upward with moderate bullish momentum. It might be a bullish attempt to finally breakout from the green box area and confirm a bullish leg. On the upside, if the pair could continue the bullish movement and print new higher swing high, then the trend will turn bullish. However, if the pair experience bearish rejection again and return inside the green box area, then the consolidation will continue.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1360, 1.1400