EUR/JPY

EUR/JPY bearish pressure continue, but no breakout below the current lows yet. The pair produced wicks below the level, which mean the bull keep protecting the level for now. We maintain bearish outlook with the trend line as target. Traders could see the pair range between 182.00 – 183.50. A close outside the range might confirm the pair next direction.

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 a bearish close yesterday but no bearish follow-through today. The pair is expected to resume the downward movement to target 0.8580 – 0.8600 area. There is no change to the bearish scenario and the only invalidation is a close above 0.8750. Traders who has short positions will place stop order above 0.8750.

Today’s critical levels to watch:

Support: 0.8700, 0.8600

Resistance: 0.8750, 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY keep pressuring to the downside but no new lower low on the chart. The pair looks consolidating and will wait for catalyst to move. On the lower side, the 208.00 – 208.60 is the area to watch as support level. We are less optimistic on bullish continuation, but if the pair print new higher high, then there is chance of upward attempt.

Today’s Critical level to watch:

Support: 210.00, 208.00, 207.00

Resistance: 211.50, 214.965

GBP/CHF

GBP/CHF made a bullish close yesterday and look printing a Harari pattern which show indecision. It could move either way and traders will wait for a close above or below the candlestick pattern. We maintain bearish view on the pair as it fell below 1.0660 and printed new swing low. On the upside, a close above 1.0800 will become the confirmation that the bull has taken control again.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0660, 1.0800, 1.1000, 1.1200