EUR/JPY

EUR/JPY currently trading upward and might reverse the bearish trend. However, the current upward movement also might be the initial reaction before further downside. Traders will monitor the pair movement between the two trendlines. If the pair breaks lower and forms a new lower swing low then the bearish movement will continue. On the upside, a new higher swing high will become the confirmation of a bullish continuation.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00

EUR/GBP

EUR/GBP maintains the position near the bottom trendline also 0.8580 – 0.8600 area. The pair sideway movement might continue for now near the area. Traders will observe the pair reactions near the current level. If the pair breaks and closes below the triangle area and the 0.8580 – 0.8600 area then the bearish trend will continue. On the upside, we might see another retest on the top trendline.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY building more bullish momentum above the 182.45 level. The pair was slightly lower in today’s trading session but no major bearish movement yet. It might move lower to retest the 182.45 level and traders will wait for reactions. When the pair could form a major bullish reaction then traders could enter long positions. On the lower side, the pair needs to form a lower swing low below 178.50 to confirm the continuation of a bearish trend.

Today’s Critical level to watch:

Support: 182.45, 178.50

Resistance: 184.00, 186.00

GBP/CHF

GBP/CHF moving upward slowly to target the 1.1000 level. The current bullish movement is a corrective movement that might turn bearish anytime. Traders will wait near the 1.1000 resistance level for bearish reactions and a chance to add short positions. As long as the pair continue printing new lower swing low and lower swing high then the bearish trend will continue.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

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