EUR/JPY

EUR/JPY continues the bearish movement to test the 148.50 support level. We expect the pair to continue consolidating between the 148.50 – 151.50 area. Traders will observe the pair reactions while waiting for a chance to add more long positions near the support level. If the pair continue moving lower then as long as there is no lower swing low on the chart, the trend will continue bullish.

Today’s critical levels to watch:

Support: 145.00, 142.75, 140.50

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP extends the bearish movement and prints another lower low on the chart. The pair will continue the bearish movement now and each bullish movement is a chance for traders to enter short positions. It is better to stay sideline for now until there is a new higher high or higher low printed for trend reversal.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY is trading upward above the 172.00 level and is expected to continue the bullish trend. There is bearish movement today which might continue toward the 172.00 level. Traders will use the bearish correction as a chance to enter long positions at a lower level. As long as the pair continue printing a new higher high and higher low, traders will assume the trend will continue bullish.

Today’s Critical level to watch:

Support: 170.00, 168.50

Resistance: 172.00

GBP/CHF

GBP/CHF breakout above the consolidation area between 1.1200 and the trendline. The pair might continue the bullish trend and print a new higher high to confirm a bullish reversal. If the pair turn lower at the end of the day and close below the opening level then the bearish trend will continue.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750