EUR/JPY

EUR/JPY moderately higher today, printing new higher high but stay inside the weekly range. The pair is trading inside the triangle pattern, and we will wait until major breakout from the area happen. Traders could use the range to do range trading until major breakout happen.

Today’s critical levels to watch:

Support: 163.00, 160.00, 155.00, 154.00

Resistance: 165.00

EUR/GBP

EUR/GBP contained within the 0.8400 – 0.8430 range. There is bullish attempt today above the area, but the pair pushed lower and might close the day inside the area. As long as the price stay inside the range, there is no conclusion on the next direction yet. Traders better wait until a close outside the range before jump in major positions.

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 bounced from the 193.50 level and return inside the triangle pattern. No breakout, which mean the ranging situation will continue. As mentioned before, the pair need to breakout from the triangle pattern and 193.50 – 198.00 area now. At the current time, we will watch the triangle consolidation while considering the 193.50 – 198.00 range for bigger outlook.

Today’s Critical level to watch:

Support: 193.50, 190.00, 188.00

Resistance: 195.00, 198.00

GBP/CHF

GBP/CHF failed to breakout below 1.1060 support level again. At the current time, the pair is supported by the 1.1060 – 1.1100 area and there is no major movement. Traders could expect the consolidation to continue for now. It is either a breakout below 1.1060 or above 1.1200 to confirm the next direction.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200,