EUR/JPY

EUR/JPY looks moving lower inside a bearish channel. At the current time, the pair is trading near the top of the channel and will test it. If the pair gets rejected with strong bearish momentum then traders will assume the bearish channel will hold on and the pair resume bearish movement. Under the current situation, traders could enter short positions near the top of the channel with a stop above the previous swing high or above 162.50.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP keeps pressuring to the upside and there are no major bearish reactions yet. The pair keeps moving higher with higher highs and higher lows. If there is no change to the situation then the pair could continue the upward movement to reach the 0.8500 resistance level. On the lower side, the 0.8400 will become the support level to watch.

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 made a bullish close yesterday which might become an initial bullish reversal sign. The pair closed above 190.00 and is currently supported by the level. On the lower side, if the pair could continue the bearish movement and close below 188.00 then the bearish trend could continue. On the other hand, if the pair moves upward with strong bullish pressure then the pair might target the 198.00 level again.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00, 198.00, 200.00

GBP/CHF

GBP/CHF slightly higher from the 1.1100 level but no bullish continuation today. It seems the pair will continue its sideways movement near the current level. No change to the strategy traders could apply as long as the pair stays inside the green box area. Traders will continue to hold long positions with a stop below 1.1100 now.

Today’s critical levels to watch:

Support: 1.1000, 1.0800, 1.0500

Resistance: 1.1200, 1.1225, 1.1360, 1.1400