EUR/JPY

EUR/JPY fell below the 148.50 support level and make a retest on the level. The retest seems to result in further bearish pressure. If the pair continue the bearish movement then traders will expect the pair to reach 145.50 support level. Despite the current growing bearish situation, traders could regard the current bearish movement as a bearish correction. As long as the pair not making a new lower low then the trend will continue bullish. A close below 142.75 will become a bearish reversal confirmation.

Today’s critical levels to watch:

Support: 145.00, 142.75, 140.50

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP fell and print a new lower low on the daily chart. The pair will continue the bearish trend and now 0.8700 – 0.8750 will become a resistance area to watch. Traders will use the resistance level as a location to enter short positions when there is bearish rejection. On the upside, the pair need to print a higher swing high to cancel the current bearish trend.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY turn lower again today and might test the 168.50 support level soon. Traders will observe the pair reactions near the 168.50 support level or the 164.00 level when the pair continue the bearish movement. When the pair could print a new higher low then it will continue the bullish trend and target a new higher high.

Today’s Critical level to watch:

Support: 170.00, 168.50

Resistance: 172.00

GBP/CHF

GBP/CHF is mostly sideway near the 1.1200 level now. No clue yet on the pair’s next direction as traders will wait for a breakout. On the upside, the pair needs to close above the trendline and print a new higher high to confirm a bullish continuation. On the lower side, a new lower low will confirm the continuation of bearish trend or no change to the bearish situation.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750