EUR/JPY

EUR/JPY situation is bullish for now but it might turn lower and resume the bearish movement to target the level below the 154.00 – 155.00 area. At the current time, traders will wait at the sideline until the pair makes a strong momentum movement. On the upside, a new higher swing high will cancel the bearish outlook. Meanwhile, a close below 154.00 will confirm the continuation of a bearish trend.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00

EUR/GBP

EUR/GBP is mostly bearish below the triangle pattern but no bearish continuation yet. The pair might trade sideways below the 0.8580 – 0.8600 and the triangle area. A new lower swing low will confirm the continuation of a bearish trend. On the other hand, a close above 0.8600 and inside the triangle might turn the trend bullish again for the short term.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY might have printed a new higher swing high, however no major bullish close yet. The pair keep hanging near the high and will attempt to extend the bullish movement. Will the pair continue the bullish trend? Alternatively, will it start moving lower again from the current level to search for a higher low?

Today’s Critical level to watch:

Support: 182.45, 178.50

Resistance: 184.00, 186.00

GBP/CHF

GBP/CHF is moving above the 1.1000 level and has the potential to continue toward 1.1100. The pair needs to close above 1.1200 to confirm a major shift in the trend from bearish to bullish. At the current time, there are no bearish reactions yet which means traders will stay sideline. When there are bearish reactions near the resistance level, traders could enter short positions.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

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