EUR/JPY

EUR/JPY breakout below the 137.40 support level with strong bearish momentum today. The pair set to continue the downward movement to target the 134.50 – 135.00 area. Traders will stay cautious for now as the pair formed a lower low and lower high on the chart. In the next bullish bounce, the pair need to print a higher high to cancel the current bearish trend.

Today’s critical levels to watch:

Support: 135.00, 134.50

Resistance: 137.40, 140.50, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP broke below the 0.8400 support level and closed below it. The pair make a bearish continuation in today’s trading session and almost reached the 0.8325 support level. The trend is bearish now and each bullish correction toward the resistance level is a chance to enter short positions.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8580

GBP/JPY

GBP/JPY made a bullish close above the triangle pattern yesterday. However, the pair immediately reverse the bullish situation and turn bearish today. We have a major bearish movement that engulfed 10 days candlesticks. The bearish movement might continue toward the 161.00 support level next.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF was mostly sideways after the Fed interest-rate announcement. The pair continue trading near 1.1600 and the high keeps getting lower. We are expecting further weakness below 1.1600 and a new lower low. A close above 1.1750 will invalidate the current bearish outlook.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.1750, 1.2000, 1.2125