EUR/JPY

EUR/JPY is supported by the 148.50 level and will attempt to bounce from it. The pair range currently spans between 148.50 – 151.50 and traders will continue to monitor the pair reactions inside it. If the pair form a new lower low on the chart then the pair might start a new bearish trend. At the current time, we have a lower high formed in the previous bullish attempt which could turn the pair into a bearish trend.

Today’s critical levels to watch:

Support: 145.00, 142.75, 140.50

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP stick near the 0.8580 – 0.8600 area and there are no major reactions yet. The pair will continue the consolidation near the area with a bearish bias. As long as the pair continue printing a new lower low and lower high, it is better for traders to avoid entering long positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY keeps building the bullish movement by slowly moving upward. Traders will use each bearish correction as a chance to add more long positions. Without a new lower swing low on the chart, it is better to avoid entering any short positions.

Today’s Critical level to watch:

Support: 170.00, 168.50

Resistance: 172.00

GBP/CHF

GBP/CHF showed bounce reactions from the broken trendline. If the pair successfully bounces upward with strong bullish momentum then the trend will turn more bullish. On the other hand, a major bearish movement with strong momentum could cancel the bullish breakout and bring the pair back to its bearish trend.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750