EUR/JPY

EUR/JPY made a bullish attempt after the latest lower low. The pair are looking to recover and target a new higher swing high. No confirmation yet on the pair’s next direction, however, traders will assume that the pair might get rejected from the Fibonacci Retracement levels and resume the latest bearish movement.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP extended the bullish movement and made a clean breakout above 0.8400. Traders could expect the pair to maintain the bullish pressure and target the 0.8500 resistance level next. If the pair make a bearish movement then traders could wait near 0.8400 for bullish reactions to enter long positions.

Today’s critical levels to watch:

Support: 0.8400, 0.8325, 0.8250

Resistance: 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY printed a pin bar pattern yesterday after testing 190.00. The pair looks attempting to move higher today but is stuck near the previous day’s high. On the upside, 193.50 is the resistance level to watch. If the pair experiences bearish rejection with strong momentum then traders could expect the continuation of a bearish trend. However, if the pair could close above 198.00 with strong momentum or better moving above 200.00 then the bullish trend will continue.

Today’s Critical level to watch:

Support: 190.00

Resistance: 193.50, 195.00, 198.00, 200.00

GBP/CHF

GBP/CHF bounced from the bottom of the green box area yesterday which signaled a continuation of ranging movement inside the box area. The pair is currently under bearish pressure as it failed to climb above 1.1200. We might see another test on the 1.1100 level. As long as there is no breakout and close outside of the range with strong momentum then the pair will continue moving sideways.

Today’s critical levels to watch:

Support: 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1225, 1.1360, 1.1400