EUR/JPY

EUR/JPY down for two days, which might indicate the trend has shift and a bearish correction could happen. If the pair start moving lower, then traders could wait near the trend line and the previous broken swing high for bullish reactions. On the lower side, 170.00 is the level to watch. As long as no breakout and close below the level, the bearish correction won’t continue.

Today’s critical levels to watch:

Support: 166.50, 165.00, 163.00

Resistance: 170.00, 171.595

EUR/GBP

EUR/GBP mostly sideways above the 0.8580 – 0.8600 area. There is no strong movement yet and the pair will continue sideways for now. On the upside, 0.8700 – 0.8750 is the target to watch. On the lower side, as long as the pair maintain the positions above 0.8580 – 0.8600 area, the bullish trend could continue.

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 turn lower before it could reach the 200.00 level. It might be a temporary bearish reaction before another bullish attempt. At the current time, the 198.00 and the bullish trend line will become major support levels to watch. When there are bullish reactions, traders could enter long positions near the support levels.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF keep testing the 1.0800 level for now and the high gets lower. If the situation continues, then we might see bearish breakout soon. However, if the pair bounce upward again, then as long as there is no new higher high above 1.0870, the bearish trend will continue. Shorting near the current level is not ideal as it is shorting the support level. On the upside, 1.1000 might become the level to watch for short positions if there are strong reactions near the level.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200