EUR/JPY

EUR/JPY printed a bearish close yesterday which might signal a bearish correction toward the 154.00 – 155.00 area. Traders will wait near the support level for bullish reactions. When there are bullish reactions, traders could enter long positions. At the current time, the market is waiting for the announcement of the Fed interest rate. EUR/JPY movement after the announcement could signal the next direction of the trend.

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 making a bearish attempt at the 0.8580 – 0.8600 area and currently testing it. The pair might stick near the area until the Fed interest-rate announcement this week. If the pair could bounce then a new higher low printed and will confirm the continuation of the bullish trend. On the other hand, if the pair breakout lower and print a new lower low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY hanging near the 182.45 level and might continue trading near it for now. Similar to the situation of EUR/JPY, the pair is waiting for further confirmation ahead of the Fed interest-rate decision. We might see the pair continue consolidating between 178.50 – 182.45 and it is better to stay sidelined for now. Long positions could be taken when the pair show major bullish reactions from the support level.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF is trading below the 1.1200 support level and might continue the bearish trend below it. Traders will wait for further reactions from the 1.1200 level. If the pair get rejected with strong bearish momentum then the bearish trend will continue. On the other hand, a close above 1.1200 might confirm upward continuation.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750