EUR/JPY

EUR/JPY looks trading lower but mostly inside the triangle pattern. The pair might continue moving inside the triangle pattern until today the Fed FOMC meeting. Traders will wait for a breakout and close outside of the range to confirm the next direction. Meanwhile, the pair also range between 137.40 – 140.50, traders might use the close outside of the range for double confirmation.

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 situation is not good for the bull as the pair fell with strong bearish momentum and close near the low. At the current time, the pair is trading near the 0.8400 support level and might breakout below it. Traders will wait for reactions from the support level. A breakout and close below the level is major bearish confirmation.

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 as shown on the chart. The pair might breakout from the range after the Fed interest-rate announcement today. Nevertheless, traders will wait for the closing of the day to get breakout confirmation. If the pair continue trading lower then 161.00 is the support level to watch.

Today Critical level to watch:

Support: 164.00, 161.00

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF stick near the 1.1600 level while slowly trading lower. Traders could see the high is getting lower which means a bearish breakout has a high chance to happen. However, if the pair makes a bullish bounce and close above 1.1750 then the trend could change from bearish to bullish.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.1750, 1.2000, 1.2125