EUR/JPY

EUR/JPY bullish movement reversed in today trading session. The pair now trading below the opening level and might continue trading lower to retest the trend line. The overall situation is sideways as one day the price move upward strongly, but the next day turns lower and erase all the gain. Traders will continue to stay sideline for now and wait for breakout from the consolidation range (Triangle).

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP has returned inside the 0.8400 – 0.8430 area and looks to continue trading near it. We might see the pair consolidating inside the area, and it is better to wait until the pair move out of the range. The best course of action to take might be waiting until the pair form a new higher swing high or lower swing low, to confirm the next direction.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8430, 0.8500 , 0.8530, 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY turned lower again toward the 193.50 level and the trend line. The overall situation is sideways, and the pair will keep testing the 193.50 level and the trend line. If the pair breakout lower, then traders could expect bearish continuation to target the lower trend line. Until a breakout and close outside the triangle range happen, it is better to assume that the triangle pattern will hold.

Today’s Critical level to watch:

Support: 193.50, 190.00, 188.00

Resistance: 195.00, 198.00

GBP/CHF

GBP/CHF bounced from the 1.1060 – 1.1100 area yesterday. But, the pair show no bullish continuation and turn lower today. It moves back inside the 1.1060 – 1.1100 range and might continue testing it. As mentioned before, if bearish breakout and close happen below 1.1060 then the pair will resume the bearish trend. On the upside, a close above 1.1200 might cancel the bearish outlook.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200,