EUR/JPY

EUR/JPY looks trading lower today and might start a bearish correction. The pair trend is bullish and a bearish correction is a nice event for traders to enter more long positions at a lower level. On the lower side, 148.50 – 151.50 is the area to watch for long positions. No change to the outlook, traders who want to enter short positions should treat it as a short-term speculative position.

Today’s critical levels to watch:

Support: 151.50, 148.50

Resistance: 155.00, 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP upward attempt could not close above the 0.8580 – 0.8600 area and the pair fall sharply today. It seems the bearish trend will continue and the pair will target a new lower swing low on the chart. In the medium-long term, the pair might continue lower to target 0.8400 and 0.8325 support levels.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY pressuring to the upside again and currently testing the 182.45 level. No clue yet when the pair will lose bullish pressure. At the current time, traders will continue to hold long positions and wait near 178.50 for the chance to add more long positions. Even though the pair fall toward 172.00, the long-term trend will continue bullish.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF is on the path upward to target the 1.1530 – 1.1600 area. A bearish correction is in progress and the pair currently holding out near the previous swing high. A bounce from the current level will confirm a bullish continuation. Meanwhile, if the pair continue lower to target 1.1200 then traders will wait for bullish reactions before entering long positions.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750