EUR/JPY

EUR/JPY continue the bearish movement and almost reached the 170.00 level. The pair is expected to test the support level soon. If bearish breakout happen, then the pair could continue downward to target the trend line. Under current situation, it is better to observe the reactions near support level. When there is strong bullish reactions, traders could start entering 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 almost reached the 0.8580 – 0.8600 area where it might show bullish reaction. As the bearish movement has strong momentum, it is better to wait until the pair form a bullish close. If bearish breakout happen below the 0.8580 – 0.8600 area, then we could expect 0.8500 – 0.8520 as target.

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 continue pressuring the 198.00 level but no major bearish breakout yet. The pair contained within 198.00 – 200.00 area and will wait for further confirmation. If the pair could move upward with strong momentum, then we might see a breakout above 200.00. At the current time, it is better to wait for a close outside the 198.00 – 200.00 area to confirm the next direction.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF trading upward and testing the 1.0800 level. If the pair manage to breakout and close above the level, then it might be the end of the current bearish leg. On the other hand, a bearish rejection from 1.0800 will confirm a continuation toward 1.06091 and 1.04475.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200