EUR/JPY

EUR/JPY made two bearish closes on the daily chart and also printed a new lower low. It seems the pair will continue the bearish movement to target the 154.00 – 155.00 area in the medium term. At the current time, the pair is moving upward but staying inside yesterday’s range. If the pair could erase all of the losses and close above 165.00 then the situation will turn bullish again.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP bounced from the 0.8400 support level and now trading upward. The pair will attempt to extend the bullish movement to target the 0.8500 resistance level. However, if the pair closed below 0.8400 then we might see further bearish pressure toward the 0.8325 support level.

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 extended the bearish movement and will attempt to target the 188.00 level. If the pair could close below 188.00 then the bearish trend is confirmed and we might see movement to target 184.00 and 180.00. However, without a new lower swing low, there is a chance of a bullish reversal to bring the pair back to test 198.00.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00, 198.00, 200.00

GBP/CHF

GBP/CHF is stuck near the bottom of the green box area which means nothing changed yet. The pair looks under bearish pressure but always maintains the position above 1.1100. Will the pair bounce and resume its ranging movement inside the green box area? Or, the pair finally break out and close below the area to confirm the next direction?

Today’s critical levels to watch:

Support: 1.1000, 1.0800, 1.0500

Resistance: 1.1200, 1.1225, 1.1360, 1.1400