EUR/JPY

EUR/JPY pushed lower with strong bearish pressure yesterday. The pair might attempt to extend the bearish correction and move toward 163.662 again. Traders will observe the current bearish pressure and wait near support levels. When there are bullish reactions, traders could enter long positions targeting a new higher swing high.

Today’s critical levels to watch:

Support: 163.00, 162.00, 160.00

Resistance: 165.81, 167.14

EUR/GBP

EUR/GBP mostly sideways for three days after the bearish close. The pair might continue trading sideways for now while waiting for a trigger to move. We might see further bearish movement toward the bottom of the box area. If the pair manage to print a new lower swing low on the chart then the bearish trend will continue. On the upside, a close above 0.8600 and a new higher swing high could reverse the current bearish pressure.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY starts a bearish correction and continues supported by the 190.00 level. The pair might extend the bearish movement toward 188.50 and traders will wait for more confirmation for now. If the pair could bounce from 190.00 with strong bullish pressure then the bullish trend could continue.

Today’s Critical level to watch:

Support: 190.00, 188.50, 186.00, 184.00

Resistance: 200.00

GBP/CHF

GBP/CHF managed to print a new higher swing high on the daily chart before turning lower. The pair might start another bearish correction to print a new higher swing low. Traders will use the chance to add long positions with a stop below the latest swing low. On the upside, 1.1530 and 1.1600 are the upward targets to watch.

Today’s critical levels to watch:

Support: 1.1200, 1.1100

Resistance: 1.1530, 1.1600, 1.1750