EUR/JPY

EUR/JPY turn lower after the latest higher swing high and now will attempt to form a higher swing low. 175.00 and the blue trend line are the support levels to watch. As long as the pair continue printing higher swing high and higher swing low, the trend will continue bullish.

Today’s critical levels to watch:

Support: 175.00, 173.00

Resistance: 178.285

EUR/GBP

EUR/GBP resume the bullish trend without touch on the 0.8750 level. It seems the pair will continue moving upward and traders better avoid shorting the pair. Traders who has long positions will place stop order below 0.8750 now. On the upside, 0.8920 and 0.9000 are the targets to watch.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600

Resistance: 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY fall with strong bearish momentum and currently testing the 200.00 level. If the pair breakout below the level, then it might continue lower to close the gap and test the 198.00 level. Will the pair turn bearish with close below 198.00? Alternatively, will the pair close above 200.00 at the end of the week to cancel the current bearish sentiment?

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF turn lower again with moderate momentum, but no new lower low printed on the chart. The pair might resume the bearish trend and print a new lower swing low on the chart. As we mentioned before, a close above 1.0800 will cancel the bearish outlook. However, with the latest movement, now, a close above 1.0660 will cancel the bearish outlook.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200