EUR/JPY

EUR/JPY started moving upward again but the pair seems to continue ranging since the latest significant bearish candlestick close. We might see the pair targeting the new higher swing high or moving lower toward the Fibonacci Retracement levels. Under the current situation, traders will wait for a bearish pullback toward the support levels and bullish reactions to enter more long positions.

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 bounce from the 0.8400 support level continues with upward movement and might target the 0.8500 – 0.8530 area. The pair is in a bearish trend now which means traders will wait for bearish reactions near the resistance levels for a chance to enter short positions. On the lower side, if the pair prints another lower low then the bearish trend will continue.

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 maintains the bullish pressure and is set to challenge the latest swing high. As long as the pair continue printing new higher highs and higher lows, there is no change to the bullish outlook. When the pair start a bearish correction, traders will wait near support levels for a chance to enter long positions. At the current time, the nearest support level is 198.00.

Today’s Critical level to watch:

Support: 198.00, 193.50, 190.00

Resistance: 200.00

GBP/CHF

GBP/CHF reached the 1.1200 – 1.1225 area with moderate bearish pressure. The pair has not shown any bullish reactions which means there is a chance of a bearish continuation. Traders will monitor the pair reactions near the 1.1200 – 1.1225 area for now. When the pair could form major bullish reactions, traders could enter long positions.

Today’s critical levels to watch:

Support: 1.1360, 1.1225

Resistance: 1.1530, 1.1600, 1.1750