EUR/JPY

EUR/JPY made a bearish close yesterday and there is a bearish follow-through in today’s trading session. The pair has not printed a new higher high on the chart which means no confirmation yet for bullish continuation. If the pair continue trading lower then a retest on the 38.2% – 68.1% Fibonacci Retracement level will happen. Traders could use each bearish correction to enter more long positions for now.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00, 151.50, 148.50

Resistance: 162.00, 163.00

EUR/GBP

EUR/GBP turned lower but no lower low printed on the daily chart yet. The pair might consolidate near the current level, below the 0.8580 – 0.8600 area. The next higher high or lower low might become the confirmation of the pair’s directions. At the current time, it is better to stay sideline.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY made a bearish close yesterday and there is a bearish attempt in today’s trading session. The pair might look bearish but stay inside the bullish candlestick range. If the pair continues the bearish movement then traders could wait near 188.50 for a chance to add long positions.

Today’s Critical level to watch:

Support: 190.00, 188.50, 186.00, 184.00, 182.45, 178.50

Resistance:

GBP/CHF

GBP/CHF extended the bullish movement and print a new higher high in today’s trading session. The pair might have a confirmed bullish continuation now. As long as the pair continue printing new higher high and higher low, the trend will continue bullish. On the lower side, 1.1200 or 1.1100 might become the places where a higher low formed.

Today’s critical levels to watch:

Support: 1.1100, 1.1060, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750