EUR/JPY

EUR/JPY mostly stable today, hanging near the high. Which mean, there is no change to the outlook. The pair could either continue the bullish movement immediately, or it could start a bearish correction to retest the trend line. Traders might want to wait for bearish correction to enter long positions when supported retested.

Today’s critical levels to watch:

Support: 166.50, 165.00, 163.00

Resistance: 170.00

EUR/GBP

EUR/GBP extending the bullish movement and almost reach the 0.8700 – 0.8750 area. As mentioned before, we expect a retest on the area and eventually a breakout if there is no change to the situation. If the pair get rejected and turn lower again, then the 0.8580 – 0.8600 will act as support area to watch.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500, 0.8430, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY pushed below 198.00 and currently sit near the broken trend line. The pair might continue the bearish movement to target the 193.50 support level. It seems the 193.50 – 198.00 range turn into play again. Traders will wait near the support level for bullish reaction. When there is bullish reaction, traders could enter long positions with 198.00 – 200.00 as target.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF has reached the 1.0800 target again and might continue the bearish movement to print new lower swing low. There is no change to the bearish situation and traders who has short positions since 1.1200 resistance test could continue to hold the positions. On the upside, a close above 1.1100 will cancel the bearish outlook.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200