EUR/JPY

EUR/JPY perfectly rejected the bearish trendline and extend the bearish movement below the 140.50 support level. If the pair continues lower without change then a new lower low will be printed next week. On the lower side, 135.00 is the support level to watch as a target. If the pair start another bullish movement then traders will treat it as a bullish correction to enter short positions.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP is mostly higher and soon will reach the 0.8900 and 0.9000 resistance levels. The pairs show a bearish reaction today but managed to trade inside yesterday’s range. Traders will continue to hold long positions now until the pair reaches the resistance level. If there is a bearish reaction then traders could enter short positions with a stop above the previous swing high. On the lower side, 0.8750 is the support level to watch.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY sharply lowered yesterday and there is a bearish continuation in today’s trading session. The pair is trading near the previous swing low and might print a new lower low. We think a new lower low will be printed and traders better avoid long positions for now. On the lower side, 150.00 is the bearish target to watch.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF attempted to extend the bullish movement but the pair mostly sideways for two days. No major bullish movement toward the 1.1530 – 1.1600 area yet. If the pair start moving lower again then 1.1200 will become the support level to watch. A breakout and close below 1.1200 also a new lower low will confirm a bearish continuation.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750