EUR/JPY

EUR/JPY turned lower with strong bearish pressure, which might indicate the start of a bearish correction. The pair might move lower to target 170.00 and the trend line. When the pair reaches the support levels and form bullish reactions, traders will get confirmation to enter long positions.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP has reached the 0.8750 level and reacted with major bearish reaction. The pair printed a bearish engulfing pattern and might continue moving lower. We could see a bullish channel on the chart. Will the pair continue the upward movement inside the bullish channel? Alternatively, it might move lower to target 0.8580 – 0.8600 area.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500, 0.8430, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY has not show strong confirmation yet. The pair trapped between 198.00 – 200.00 and inside a triangle pattern. A breakout is imminent, it has higher odds for bullish breakout. However, a major turn could happen too. On the lower side, 195.33 will become the invalidation for bullish move. Meanwhile, breakout above 200.00 is bullish continuation confirmation.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF made a bullish attempt to target 1.0800 level. It looks like fail to close above previous day’s high after climbing above it. If there is no major change in the situation, then we expect the pair to continue the bearish movement to target 1.06091 and 1.04475. A close above 1.0800 might turn the trend bullish.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200