EUR/JPY

EUR/JPY start a bearish correction and traders will observe the Fibonacci Retracement level for possible bounce reactions. The level around 160.00 – 161.50 could become the place to wait for bullish reactions. When the pair form a major bullish reaction then traders could enter long positions. At the current time, there is no higher swing high formed yet which means the bullish trend could reverse. However, there was a higher swing low formed which means as long as there is no lower swing low formed, the bullish trend could continue.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00, 151.50, 148.50

Resistance: 162.00, 163.00

EUR/GBP

EUR/GBP continues the upward movement and is set to retest the 0.8580 – 0.8600 area again. Traders will observe the reactions near the area. If the pair get rejected with strong bearish reactions then traders will expect a bearish continuation. However, if the pair could close above the area then the trend will change from bearish to bullish.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY turned lower toward the 190.00 and 188.50 support levels. As mentioned before, traders will observe the pair reactions near 190.00 and 188.50. If the pair could bounce with strong bullish reactions then there is a chance of bullish continuation. On the other hand, a breakout below 188.50 and a new lower low will confirm a bearish reversal.

Today’s Critical level to watch:

Support: 188.50, 186.00, 184.00, 182.45, 178.50

Resistance:

GBP/CHF

GBP/CHF mostly sideway between 1.1100 – 1.1200. There is no change to the pair situation yet and traders better await for further development. When the pair could continue upward and close above 1.1200 then the bullish trend could continue. On the lower side, a new lower swing low will confirm the long-term bearish continuation.

Today’s critical levels to watch:

Support: 1.1100, 1.1060, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750