EUR/JPY

EUR/JPY trade lower in today’s trading session and getting near the 137.40 support level. The pair is currently trading between the 137.40 – 140.50 area. Traders will wait for further reaction in tomorrow’s FOMC meeting, a close outside of the range will confirm the next direction.

Today’s critical levels to watch:

Support: 137.40, 135.00, 134.50

Resistance: 140.50, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP fall with strong bearish momentum in today’s trading session. The pair has not broken below the 0.8400 support level. If the pair moves below 0.8400 and print a new lower low then traders will prepare for a bearish continuation. On the upside, the pair needs to close above the 0.8600 level to confirm a bullish continuation.

Today’s critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600, 0.8700

GBP/JPY

GBP/JPY is trading inside a triangle formation before the Fed FOMC meeting tomorrow. Traders will wait for a breakout and close outside of the triangle range to confirm the next direction. We still think the pair could continue its bullish trend and expect a bullish breakout. A close below 161.00 will become a confirmation of the continuation of the bearish trend.

Today Critical level to watch:

Support: 164.00, 161.00

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF is mostly sideways before the Fed FOMC meeting tomorrow. There is not much movement near the 1.1600 support level. The pair will continue to consolidate near the level and traders will observe its reaction. If the pair continues moving lower and print a new lower low then traders will prepare for a bearish continuation. On the upside, a close above 1.1750 could turn the trend into bullish.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.1750, 1.2000, 1.2125