EUR/JPY
EUR/JPY fell with strong bearish momentum today below the 142.75 support level. It seems the trend might turn bearish again and traders will expect lower movement. On the lower side, a close below 140.50 will confirm a bearish continuation for the medium-long term. On the other hand, if the pair could immediately close above 142.75 in 1-3 days then the current bearish movement will be canceled.
Today’s critical levels to watch:
Support: 142.75, 140.50, 137.40, 135.00
Resistance: 145.00, 148.50, 151.50
EUR/GBP
EUR/GBP is slightly lower but maintains the bullish outlook to target 0.8900 and 0.9000. As mentioned in the latest analysis, a close above 0.9000 will confirm a long-term bullish continuation. As long as there is no close below 0.8750, the pair could continue its bullish movement. A close below 0.8750 will confirm the bearish reversal.
Today’s critical levels to watch:
Support: 0.8750, 0.8700, 0.8600, 0.8580
Resistance: 0.8900, 0.9000
GBP/JPY
GBP/JPY fall with moderate bearish momentum today and moved inside the green box area again. The pair will attempt to extend the bearish movement to target the bottom of the box area. Traders will wait for reactions from the 156.58 level. If the pair closes below the level then the bearish trend could continue. On the other hand, if the pair bounce from the level then the consolidation inside the green box area will continue.
Today’s Critical level to watch:
Support: 161.00, 156.58, 153.50
Resistance: 164.00, 168.50, 170.00
GBP/CHF
GBP/CHF traded lower again and print a new lower low on the chart. The pair now will continue the bearish trend and each bullish movement is a chance for traders to enter short positions at a higher level. Traders who have long positions might want to scale out of positions or wait for a bullish correction to exit positions. As long as the pair continue printing new lower low and lower high, the bearish trend will continue.
Today’s critical levels to watch:
Support: 1.1200, 1.0500, 1.0000
Resistance: 1.1530, 1.1600, 1.1750