EUR/JPY

EUR/JPY turned lower today after strong bullish movement. The bearish movement erased most of the gain and might extend toward 167.348. If the support level broken to the downside, then traders could expect the pair to continue lower to test 165.00 and the trend line. When there are bullish reactions after support test, traders could enter long positions.

Today’s critical levels to watch:

Support: 165.00, 163.00, 160.00, 155.00, 154.00

Resistance: 166.50

EUR/GBP

EUR/GBP pushed lower to the 0.8500 – 0.8525 area. The pair will test the support area and attempt to bounce from it. If the pair could bounce upward, then it will retest the 0.8580 – 0.8600 resistance area. At the current time, traders will expect the pair to move between 0.8500 – 0.8600 until breakout happen.

Today’s critical levels to watch:

Support: 0.8530, 0.8500, 0.8430, 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY tested the 198.00 resistance level and there is no breakout yet. The pair might stick near the resistance level and attempt to breakout above it. If the pair get rejected, then it might target the 193.50 support level. At the current time, the pair is trading between 193.50 – 198.00 and traders will wait for breakout confirmation to determine the next direction.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00

GBP/CHF

GBP/CHF on the bearish path to target the 1.0800 support level and new lower swing low. No change to the situation, the bearish pressure in today trading session might confirm a bearish continuation for tomorrow trading session. Traders who has short positions will place stop order above 1.1100.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200