EUR/JPY

EUR/JPY losing upward pressure and looks under pressure today. The pair might trade lower ahead of the Fed FOMC meeting toward the 154.00 – 155.00 area. Nevertheless, each bearish correction is a chance for traders to add more long positions. After the Fed announcement, traders will observe the market reactions. If the pair could bounce from the levels with strong bullish reactions then the bullish trend could continue.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP traded upward and reached the level near 0.8700 resistance level. The pair made another bullish attempt today but get rejected from the resistance level. At the current time, the pair is trading below the opening level. If the pair continues moving lower then the 0.8580 – 0.8600 area will become the support area to watch for bullish reactions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY slowly moving lower and might reach the 178.50 support level. Traders might want to monitor the pair reactions between the 178.50 – 182.45 area for now. A consolidation might happen until next week’s FOMC meeting. Traders could use the bearish correction as a chance to enter more long positions at a lower level.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF pushed lower yesterday but there are bullish reactions today. The pair recovered part of the losses incurred yesterday and will attempt to move toward the 1.1200 level. If the pair get rejected from the 1.1200 resistance level then the bearish trend might continue. At the current time, the pair trend might turn bearish again and traders will observe the formation of a new higher high or lower low to determine the next trend.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750