EUR/JPY

EUR/JPY bearish movement has not receded yet as the pair reached the Fibonacci Retracement level. A consolidation might happen near the Fibonacci Retracement level and traders will wait for reactions. If the pair could bounce upward then traders could enter long positions for the short-term. The long-term trend might turn bearish and traders better prepare to enter short positions when a bullish bounce occurs.

Today’s critical levels to watch:

Support: 171.51, 170.00

Resistance: 176.66

EUR/GBP

EUR/GBP bounced from the 0.8400 support level and might attempt to start a new bullish leg. The pair will target a close above 0.8530 to confirm a long-term bullish reversal. Meanwhile, if the pair reverses downward again then 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 fell below the 198.00 support level today which might confirm the continuation of a bearish trend. The pair might turn upward to retest the 200.00 – 200.50 area. When the pair reaches the resistance level, traders could consider entering short positions when there are bearish reactions.

Today’s Critical level to watch:

Support: 200.50, 200.00, 198.00, 193.50, 190.00

Resistance: 208.86

GBP/CHF

GBP/CHF situation has turned bearish again with a movement below the green box area. In the latest bullish attempt, there is no higher swing high printed which means the bear currently has the upper hand. If the pair could continue the bearish movement and print a new lower swing low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750