EUR/JPY

EUR/JPY erased part of previous day’s gain and currently trading inside the candlestick range. The pair might attempt to extend the bullish movement. However, it seems will close the day with an inside bar or Harami pattern. The candlestick pattern signal uncertainties and depend on the breakout direction will confirm the next movement.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP bounced from the 0.8325 support level, which confirm the consolidation inside the 0.8325 – 0.8400 range. Traders will make use of the current situation as chance to apply range trading strategies. As long as there is no breakout and close otuside of the range, sideways strategy is the best.

Today’s critical levels to watch:

Support: 0.8325, 0.8250

Resistance: 0.8400, 0.8500, 0.8530

GBP/JPY

GBP/JPY erased all the gains from yesterday’s bullish close. The pair seems will retest the 193.50 – 194.00 area to confirm bullish continuation. If the pair could bounce upward with strong momentum, then it will target 198.00. On the lower side, the pair might return inside the 188.00 – 193.50 range if it fails to stay above 193.50 – 194.00 area.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00

GBP/CHF

GBP/CHF has not shown any major movement. The pair continue trading sideways above the green box area. If the pair could continue the bullish movement, then it will target the trend line. A consolidation might happen between the top of green box area and the trend line for now.

Today’s critical levels to watch:

Support: 1.1360, 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1400