EUR/JPY

EUR/JPY direction is unclear, with the pair whipsawing up and down near the trend line. It creates a fake bullish breakout, and now it also creates false bearish breakout. It seems the bull and the bear is in a stalemate, and it is better to wait and see. Overall, we have a higher swing low which mean the situation is bullish as long as there is no lower swing low printed.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP pushed lower below the 0.8400 – 0.8430 area, which mean the bear is winning, and the trend is bearish now. The pair will target the previous swing low or the 0.8325 support level. If the support level broken, then the pair could continue downward to target 0.8239 next. Under current situation, traders will wait for bullish pullback to enter short positions at a higher level.

Today’s critical levels to watch:

Support: 0.8400

Resistance: 0.8430, 0.8500 , 0.8530, 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY significantly higher today as it break out above trend line and 193.50 level. The pair will continue its bullish movement to target the 198.00 resistance level. As the pair has printed new higher swing high and higher swing low, then the trend is bullish, and it is better to avoid shorting for now.

Today’s Critical level to watch:

Support: 193.50, 190.00, 188.00

Resistance: 195.00, 198.00

GBP/CHF

GBP/CHF continue moving upward and now trading near the 1.1200 resistance level. We could say the situation has not changed yet from the latest analysis. The pair could continue moving higher but no cancellation of the rising wedge pattern yet. If the pair breakout lower, then the bearish trend will continue.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200,