EUR/JPY

EUR/JPY losing more ground in today’s trading session. However, the bearish pressure seems receding as the pair might maintain the position above 154.00 at the end of the day. If the pair could reverse the bearish pressure and start moving upward then the bullish trend could continue. Meanwhile, a consolidation could happen between the 154.00 – 155.00 area for now.

Today’s critical levels to watch:

Support: 151.50, 148.50

Resistance: 155.00, 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP bearish pressure managed to print a new lower low on the chart. The bearish trend will continue but there is a bullish reaction today. If the pair start trading upward again then 0.8580 – 0.8600 will continue to become the resistance level to watch. As long as the pair form a new lower low and lower high, the trend will continue bearish.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY falls below 182.45 and will target the 178.50 level. The pair might consolidate between the area and traders will observe the reactions. Traders will wait near 178.50 for a bullish reaction. When a bullish reaction occurs then it is a chance for traders to add more long positions near the level.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF fall sharply in today’s trading session and print a new lower swing low. The pair might continue the bearish movement toward the 1.1200 level and test it. Traders will wait for a bullish reaction near the level for bullish reversal confirmation. We think the pair could continue the bullish movement toward the 1.1530 – 1.1600 area in the long-term.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750