EUR/JPY

EUR/JPY continues trading lower and will target the Fibonacci Retracement levels. Under the current situation, traders better wait for the pair to reach the retracement level and produce bullish reactions before entering more long positions. On the upside, the pair failed to print a new higher high which means a new lower low might turn the trend bearish.

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 reached the 0.8400 support level and there are bullish reactions today. The pair might consolidate near the 0.8400 level now and traders will await for further reactions. When the pair could stabilize and produce strong bullish reactions, traders could start entering long positions. However, as the trend is bearish, traders might want to stay cautious and aim for more bearish positions when a bullish correction 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 managed to print a new higher high on the chart but the pair immediately reversed to the downside. At the current time, the pair is trading below the opening level and might start another bearish movement to test 198.00. If the pair could print a new lower low on the chart then the trend will turn bearish with 193.50 as a target.

Today’s Critical level to watch:

Support: 198.00, 193.50, 190.00

Resistance: 200.00

GBP/CHF

GBP/CHF made a bearish breakout with strong momentum today. It seems the bullish trend has stopped and now the pair will target the 1.1200 – 1.225 support level. On the chart, we might have a shoulder-head-shoulder pattern and the neckline broken today. Based on the breakout, 1.1000 might become the pattern target in the long-term.

Today’s critical levels to watch:

Support: 1.1360, 1.1225

Resistance: 1.1530, 1.1600, 1.1750