EUR/JPY

EUR/JPY reversed its direction after yesterday bullish close. The pair trading lower with moderate momentum, which might confirm movement toward 154.00 – 155.00 area again. However, if the pair could reverse the bearish pressure and continue its climb then it will confirm a double bottom pattern which could open the path toward 162.39 and the blue trend line.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP attempting to extend the bullish movement after yesterday jump. The pair is moving toward the 0.8400 resistance level and soon will test it. If the pair could immediately close above the level, then it will continue the bullish movement to print new higher swing high. On the other hand, if bearish rejection happen, then the pair might range between 0.8325 – 0.8400 before next movement.

Today’s critical levels to watch:

Support: 0.8325, 0.8250

Resistance: 0.8400, 0.8500, 0.8530

GBP/JPY

GBP/JPY turned lower again without printing new higher swing high. It seems the pair ready to continue the bearish movement to target a close below 188.00. If the pair could close below 188.00 then the trend will continue bearish. On the other hand, if the pair could climb and close above 193.50 then the situation will turn bullish.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF finally make a clean breakout from the green box area which confirm a bullish trend. The pair now will start moving upward to target new higher swing high. At the current time there is bearish reactions which is a profit-taking reactions. On the lower side, 1.1360 is the support level to watch. As long as the price maintain its position above the level, the bullish movement could continue.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1360, 1.1400