EUR/JPY

EUR/JPY has reached the Fibonacci Retracement level and will test it. If the pair continues the bearish movement and prints a new lower swing low then the trend will turn bearish. On the other hand, if the pair could bounce upward with strong bullish pressure then it will have a chance to target a new higher swing high. Under the current situation, it is better to stay sideline until there are major bullish reactions or a close below the Fibonacci Retracement levels.

Today’s critical levels to watch:

Support: 171.51, 170.00

Resistance: 176.66

EUR/GBP

EUR/GBP is back under bearish pressure and stuck near the 0.8400 support level. The pair will attempt to extend the bearish movement to print a new lower swing low. On the upside, if the pair could bounce upward then it needs to close above 0.8530 to reverse the current bearish trend. On the lower side, a new lower swing low will confirm the continuation of a bearish trend.

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 mostly lower below the 200.00 – 200.50 area. The pair is currently testing the 198.00 support level also the previous swing low. If the pair manages to print a new lower swing low then the trend might turn bearish for the medium-long term. On the upside, if the pair could return above 200.50 before the weekly close then there is a chance of bullish continuation.

Today’s Critical level to watch:

Support: 200.50, 200.00, 198.00, 193.50, 190.00

Resistance: 208.86

GBP/CHF

GBP/CHF entered the green box area and was under bearish pressure. The pair situation is bearish for now but as long as there is no close below the green box area, there is a chance of bullish reversal. As mentioned before, a close below the green box area will turn the trend bearish for the long term.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750