EUR/JPY

EUR/JPY continued under bearish pressure but managed to maintain the position above the 154.00 – 155.00 area. No strong confirmation yet on the pair’s next direction. If the pair breaks lower then the trend will continue bearish. At the current time, traders will wait for the formation of new higher highs or lower lows to confirm the next direction.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00

EUR/GBP

EUR/GBP upward attempt was rejected near the 0.8700 resistance level. the pair traded lower and formed a lower-swing high. It seems the pair might consolidate inside a triangle formation while waiting for a breakout. Traders will wait near the bottom or top of the triangle for reactions while applying range trading strategies.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY movement is contained within the 178.50 – 182.45 area as the consolidation continues. No change to the situation, traders will continue to use the moment for range trading strategy while waiting for a breakout. The next direction will be determined by the breakout direction.

Today’s Critical level to watch:

Support: 178.50

Resistance: 182.45, 184.00, 186.00

GBP/CHF

GBP/CHF bearish trend continues as the pair printing lower swing low and lower swing high. The direction is bearish and no change to the situation. Each bullish movement is a correction movement where traders could wait for bearish reactions. When bearish reactions happen, traders could enter short positions. At the current time, the next lower swing high might form near the bearish trendline.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1060, 1.1100, 1.1200, 1.1530, 1.1600, 1.1750