EUR/JPY

EUR/JPY touched 164.869 and show bearish reaction today. The pair might continue moving lower to retest the trend line. Or, it could continue upward from the 164.00 level. On the upside, the pair will target October 2024 high as nearest target. A new higher swing high will open the path to target the 2024 high.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP mostly sideways right now between 0.8400 – 0.8430. The pair will continue its consolidation for now and traders will wait for breakout and close outside the range. When the pair closed outside the range, traders will get confirmation on the next direction. On the lower side, 0.8325 will become target if bearish breakout happen. On the upside. 0.8700 – 0.8750 is the main resistance area to break.

Today’s critical levels to watch:

Support: 0.8430, 0.8400

Resistance: 0.8500 , 0.8530, 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY turned lower after printing a new higher swing high. The pair is testing the trend line and might extend the bearish correction toward 193.50. At the current time, traders will wait for bullish reactions in lower time-frame to enter long positions. On the upside, 198.00 will become the bullish target to watch.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00

GBP/CHF

GBP/CHF continue the bullish movement and almost reach the 1.1200 resistance level. Even though bullish, the price structure still bearish with a rising wedge pattern. Breakout above the pattern will invalidate it and turn the trend bullish. Meanwhile, breakout and close below the pattern is confirmation to enter short positions targeting 1.0800 and lower.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200,