EUR/JPY

EUR/JPY made a bullish close yesterday and is on the path to retesting the 164.869 level. The pair has formed a new higher swing low which means a new higher swing high will confirm the continuation of the bullish trend. At the current time, traders will monitor the pair reactions near the resistance level. On the lower side, if the pair formed a new lower swing low then the situation could turn bearish.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP made a neutral close yesterday as the pair closed near the opening level. No change to the situation yet where the pair is limited below the 0.8325 level. The consolidation might continue for now and traders will wait for further reactions. On the lower side, if the pair formed a new lower swing low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 0.8250

Resistance: 0.8325, 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY bounced from the 194.00 level and now is set to retest the 198.00 level. Will the pair breakout and close above the level to print a new higher swing high and resume the bullish trend? Alternatively, will it get rejected with strong bearish momentum, print a new lower swing low, and turn the trend bearish?

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF continued moving inside the green box area but moved slightly higher yesterday. The pair might retest the top of the range to attempt for breakout. As long as the pair stays inside the range, traders could continue to apply range trading strategies. No change to the situation, it is better to short the pair near the resistance level with a tight stop above it.

Today’s critical levels to watch:

Support: 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1225, 1.1360, 1.1400