EUR/JPY

EUR/JPY officially reached the 154.00 – 155.00 area, or the bearish target. There is slight bullish reactions, but it might be a profit-taking reactions. The 154.00 – 155.00 area is a major support area which might not be easy to break. If the pair breakout lower and close below 154.00 then the trend will turn bearish for long-term.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP extended the bearish close yesterday and indicate no bullish sign yet. The pair might be trading upward today but limited inside yesterday’s range. Traders will continue to maintain bearish outlook for now until a major bullish reversal happen. If the price form a new lower swing low, then it is better to stick with short positions.

Today’s critical levels to watch:

Support: 0.8250

Resistance: 0.8325, 0.8400, 0.8500, 0.8530

GBP/JPY

GBP/JPY continue under bearish pressure and tested the 188.00 support level today. The pair show bounce reactions, but it is only an initial reaction. If the pair breakout lower and print new lower swing low, then traders will prepare for long-term bearish continuation. On the upside, 190.00 is the resistance level to watch.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF playing near the top of green box area and there is a bearish pin bar pattern formed. The pattern confirmed today with bearish breakout. Traders who enter short positions will place stop order above the swing, high above the green box area. We could say the green box area maintained for now and the ranging situations continue.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1360, 1.1400