EUR/JPY

EUR/JPY mostly bearish below the Fibonacci Retracement level which means the bearish trend will continue. The bearish situation is supported fundamentally as BOJ keeps raising interest rates. Under the current situation, traders better avoid long positions and await for bullish bounce to short the pair near resistance levels.

Today’s critical levels to watch:

Support: 171.51, 170.00

Resistance: 176.66

EUR/GBP

EUR/GBP bounce attempt from 0.8400 could not add significant gain as the pair is under bearish pressure right now. The consolidation is near 0.8400 and might continue for now and traders will wait for further reactions. If the pair fall below 0.8400 and print more lower swing low then the bearish trend will continue. On the upside, if the bullish movement continues the 0.8500 – 0.8530 will become the bullish target.

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 extended the bearish movement and reached the 193.50 and Fibonacci Retracement level. The pair is in a bearish trend now and is expected to continue the bearish movement. A bullish bounce might happen near the current level. Traders will wait near the resistance level for bearish reactions to enter short positions in the pair.

Today’s Critical level to watch:

Support: 200.50, 200.00, 198.00, 193.50, 190.00

Resistance: 208.86

GBP/CHF

GBP/CHF moving lower after the bearish rejection from the green box area. The pair will target the previous swing low and attempt to print new lower swing low. As mentioned before the trend has turned bearish since the pair fell below the green box area. If the pair manage to print new lower swing low then the bearish trend will continue for medium-long term.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750