EUR/JPY

EUR/JPY extended the bullish movement and reach new higher high and almost touch the 161.8% Fibonacci extension level. It might continue moving upward now and traders who have long positions will place stop order below 182.725. After the pair reach the 161.8% Fibonacci extension level and start bearish correction, then we will set new Fibonacci Retracement level.

Today’s critical levels to watch:

Support: 182.583, 182.00, 180.54, 180.00

Resistance: 183.40, 185.84

EUR/GBP

EUR/GBP made bullish attempt but losing the upward pressure. The pair move lower back to its opening level and might resume the bearish movement later. We still expect the pair to continue the bearish trend to target the 0.8580 – 0.8600 area. However, a close above 0.8750 will become our invalidation level for the current bearish scenario.

Today’s critical levels to watch:

Support: 0.8700, 0.8600

Resistance: 0.8750, 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY resume the bullish movement and now will attempt to target the 127.2% Fibonacci Extension level at 214.965 as well as 215.00. On the upside, 218.775 – 219.298 will become the next target to watch when the pair manage to print a new higher swing high. On the lower side, 210.672 is the higher low to watch.

Today’s Critical level to watch:

Support: 211.50, 210.00, 208.00, 207.00

Resistance: 214.965

GBP/CHF

GBP/CHF has printed a bullish piercing line pattern, but no follow-through yet. The pair is under slight bearish pressure but maintain the position near 1.0660. If there is no immediate bullish follow-through, then we might see bearish attempt again. A close below the pattern low will cancel the bullish outlook and set the pair to continue the bearish trend. On the upside, a close above 1.0800 is the confirmation that the bullish trend will continue.

Today’s critical levels to watch:

Support: 1.0660, 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200