EUR/JPY

EUR/JPY attempted to continue the bullish movement but experienced bearish pressure today. The pair managed to trade inside the previous bullish candlestick which means the situation is neutral. Without any major bearish movement in the pair, it will continue the bullish movement toward the previous swing high. Meanwhile, if a major bearish correction happens then it will target the cluster of the Fibonacci Retracement level.

Today’s critical levels to watch:

Support: 167.14, 165.81, 163.00, 162.00, 160.00

Resistance: 170.00, 171.51

EUR/GBP

EUR/GBP mostly sideways between 0.8500 – 0.8530. Each bullish attempt experienced a bearish rejection from the 0.8530 resistance level but not a bearish continuation yet. Traders will wait until the pair make a breakout and close outside of the range to confirm the next direction of movement. On the lower side, 0.8400 could become the bearish target to watch when a bearish breakout happens.

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 situation is similar to the EUR/JPY situation. The pair hanging near the top and soon might test the previous swing high. If the pair start a bearish correction then traders could wait near the support level for bullish reactions. When the bullish reactions happen, traders could add more long positions. On the lower side, 198.00 is the nearest support level to watch.

Today’s Critical level to watch:

Support: 198.00, 193.50, 190.00

Resistance: 200.00

GBP/CHF

GBP/CHF is mostly under bearish pressure and currently trading inside the green box area. Traders could expect a bullish reaction from the area and currently will wait for further reactions. When bullish reactions happen, traders could enter long positions. However, if a bearish breakout happens below the green box area then the trend might turn bearish for GBP/CHF for the medium-term.

Today’s critical levels to watch:

Support: 1.1600, 1.1530, 1.1225

Resistance: 1.1750