EUR/JPY

EUR/JPY sharply lower and managed to print new lower swing low. The pair situation looks bearish but slightly recover to its opening level. We might see the pair range near the current level or immediately continue the bearish movement. On the lower side, the trend line could become the next target to watch. On the upside, the pair has reached the 161.8% Fibonacci Extension level and reversed, which mean the bullish move might have completed.

Today’s critical levels to watch:

Support: 182.583, 182.00, 180.54, 180.00

Resistance: 183.40, 185.84

EUR/GBP

EUR/GBP under bearish pressure but no break down below the latest swing low yet. The pair looks trading flat near the current level and inside Friday’s range. We still expect the pair to continue the bearish movement to target the 0.8580 – 0.8600 area. On the upside, a close above 0.8750 will invalidate the current bearish outlook.

Today’s critical levels to watch:

Support: 0.8700, 0.8600

Resistance: 0.8750, 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY situation is the same as EUR/JPY after it grazed the 127.2% Fibonacci extension level. We now have a lower swing low printed which mean the bear gaining advantage. If there is immediate bearish push, then 208.00 – 208.60 area could become the bearish target to watch.

Today’s Critical level to watch:

Support: 210.00, 208.00, 207.00

Resistance: 211.50, 214.965

GBP/CHF

GBP/CHF could not maintain the position near the 1.0660 level and now it is significantly lower. No new lower low printed yet, but it might be on the verge of break down. Under current situation, it is better to wait for further confirmation. Traders who enter long positions will place stop order below 1.0585. A close back above 1.0660 might become signal of bullish reversal.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0660, 1.0800, 1.1000, 1.1200