EUR/JPY

EUR/JPY is in a bearish correction phase as it fell below the previously broken swing high. The pair might continue the bearish movement to target the Fibonacci Retracement level. Despite the situation, the pair has not printed a new lower swing low yet which means the bullish trend has not broken yet. As long as the pair continues printing new higher swing highs and higher swing lows, there is no reason to turn bearish yet.

Today’s critical levels to watch:

Support: 171.51, 170.00

Resistance: 176.66

EUR/GBP

EUR/GBP bounced upward as the 0.8400 support level was maintained. The pair will attempt to move upward and print a new higher swing high to overturn the bearish trend. On the upside, a close above 0.8530 will confirm the trend reversal from bearish to bullish. If the pair turns lower again and prints a new lower swing low then the trend will continue bearish.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8530, 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY is in a similar situation to EUR/JPY, the pair will attempt to move lower and test the 200.00 – 200.50 levels. On the lower side, as long as there is no lower swing low printed, there is no reason to turn bearish yet. If the pair could bounce from the 200.00 – 200.50 levels then the bullish trend will continue. A lower low below 198.00 might turn the trend bearish for a long time.

Today’s Critical level to watch:

Support: 200.50, 200.00, 198.00, 193.50, 190.00

Resistance: 208.86

GBP/CHF

GBP/CHF fell sharply toward the green box area without a new higher swing high printed. The pair currently moving near the green box area but no bearish continuation yet. If the pair could bounce upward and erase all of the losses then the bullish trend could continue. On the upside, the pair needs to print a new higher high above 1.16741 to confirm long-term bullish trend continuation.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750