EUR/JPY

EUR/JPY bullish movement experience bearish rejection and there is bearish follow-through. The pair might resume the bearish movement to target the 154.00 – 155.00 support area. Traders who enter short positions will hold the positions and place tight stop order above 162.39.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP back inside the 0.8325 – 0.8400 area where it might consolidate. The pair next direction will depend on the next higher swing high or lower swing low. Under current situation, traders might want to range trading between 0.8325 – 0.8400 until breakout happen.

Today’s critical levels to watch:

Support: 0.8400, 0.8325, 0.8250

Resistance: 0.8500, 0.8530

GBP/JPY

GBP/JPY trade inside previous day’s range. The pair slightly lower today below yesterday’s low, but it seems will end the day inside the range. No change to the situation of the pair, which move between 188.00 – 193.50. A close below 188.00 or above 193.50 will confirm the pair next direction.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00

GBP/CHF

GBP/CHF trading above the 1.1360, but it seems having hard time to extend the bullish movement. The situation is neutral, on the upside the pair need to breakout above the trend line to confirm bullish continuation. Meanwhile, a close inside the green box area will bring the pair back to consolidation range.

Today’s critical levels to watch:

Support: 1.1360, 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1400