EUR/JPY

EUR/JPY pushed lower but get supported near the broken trend line. If the pair could bounce upward with strong bullish momentum, then traders will expect a retest of 164.86 level. On the lower side, if bearish breakout with strong momentum happen below the trend line, then the trend will turn bearish again with 154.00 -155.00 area as target.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP has not breakout from the 0.8400 – 0.8430 area yet. The sideways situation continue and traders will continue to observe the reactions. When the pair breakout and close outside the area, traders will get confirmation on the next direction. We still expect the pair to continue the bullish movement to retest the 0.8700 – 0.8750 area.

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 return inside the 188.00 – 193.50 area and the two trend lines range. The pair might consolidate inside the range and traders will wait for further confirmation. However, if the pair could gain more bullish momentum and breakout higher again, then it will target the latest swing high and 198.00 level.

Today’s Critical level to watch:

Support: 193.50, 190.00, 188.00

Resistance: 195.00, 198.00

GBP/CHF

GBP/CHF is supported by the 1.1100 support level but no major bullish continuation yet. The pair might continue trading sideways near the current level and traders will wait for further confirmation. As mentioned before, if the pair get rejected and start moving lower with strong momentum, then it will confirm the rising wedge pattern and target the level below 1.0800.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200,