EUR/JPY

EUR/JPY stick near the Retracement level and there is no bearish continuation or bounce yet. The pair might keep consolidating near the Retracement level for now and traders will wait for further reactions. If the pair could bounce upward with strong bullish pressure then there is a chance of bullish continuation. On the other hand, a breakout below the retracement levels might confirm a medium-long-term bearish continuation.

Today’s critical levels to watch:

Support: 171.51, 170.00

Resistance: 176.66

EUR/GBP

EUR/GBP is back under bearish pressure and might move down to retest the 0.8400 support level. If the pair could extend the bearish movement and print more lower swing low then the bearish trend will continue. On the upside, a close above 0.8530 will cancel the current bearish trend and turn the trend to bullish.

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 trade near the 198.00 and waiting for further reactions. The pair seems will continue trading sideways near the current level for now. On the upside, 200.00 – 200.50 is the resistance area to watch. On the lower side, the pair might target the 193.50 or the Fibonacci Retracement levels. As the pair manage to print a new lower swing low then the bearish trend is favored. The next lower high might be printed near 200.00 – 200.50.

Today’s Critical level to watch:

Support: 200.50, 200.00, 198.00, 193.50, 190.00

Resistance: 208.86

GBP/CHF

GBP/CHF is making a bullish attempt at the green box area right now. The pair might keep testing the level and traders will wait for bearish reactions. If the pair shows bearish reactions then traders could enter short positions targeting a new lower swing low. However, if the pair could erase all of the losses and print new higher swing high then the trend might turn bullish again.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750