EUR/JPY

EUR/JPY losing the upward momentum and looks trading lower in today’s trading session. Despite the situation, the pair might attempt to continue the bullish movement and target a new higher swing high. However, if the pair start moving lower again then traders will observe the formation of a lower swing low to 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 moved lower and printed a new low below the previous week’s low. The pair might extend the bearish movement and target the 0.8400 support level in the long term. At the current time, traders will avoid long positions as long as the pair continues moving lower to print a new lower low and lower high.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY mostly sideway near the high and there is no major movement for now. The pair might continue the sideways movement while waiting for the catalyst to move. At the current time, it is better to stay sideline until the pair form a new structure where traders can take positions with better odds.

Today’s Critical level to watch:

Support: 182.45, 178.50

Resistance: 184.00, 186.00

GBP/CHF

GBP/CHF is trading inside the 1.1000 – 1.1100 area right now and traders will wait for bearish reactions. When the pair form bearish reactions and close below 1.1000 then traders will have confirmation to enter short positions. On the upside, a close above 1.1200 might become the long-term bullish confirmation.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

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