EUR/JPY

EUR/JPY turned lower but has no strong bearish momentum yet which means the sideway movement might continue. Traders will expect another test on the trendline. Will the pair continue moving lower to test the 154.00 – 155.00 area? Alternatively, will it break out above the trendline and continue the bullish trend?

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00

EUR/GBP

EUR/GBP made a bullish attempt yesterday but at the end of the day, the pair settled below Monday’s high. The pair currently trading upward but limited near Monday’s high. If the pair could continue moving upward then a retest on 0.8580 – 0.8600 might happen. Traders could consider entering short positions near the area when retest happen.

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 as yesterday’s bearish attempt failed to make a bearish close. The pair might continue to consolidate near the current level and seek a bullish breakout. Traders will stay sideline for now and await reactions near the current level. On the lower side, the pair needs to close below 178.50 to confirm a bearish continuation. On the upside, a new higher swing high will confirm the continuation of the bullish trend.

Today’s Critical level to watch:

Support: 182.45, 178.50

Resistance: 184.00, 186.00

GBP/CHF

GBP/CHF was on the path lower but the pair lost its bearish pressure. At the current time, the pair is trading inside yesterday’s range. If the pair start moving upward again then 1.1000 is the resistance level to watch. Will the pair continue moving lower and print a new lower swing low to confirm the continuation of a bearish trend?

Today’s critical levels to watch:

Support: 1.0500, 1.0000

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