EUR/JPY

EUR/JPY looks sideways after the bearish close near the 50% Fibonacci Retracement level. The pair might continue trading sideways for now until the U.S. election and FOMC meeting results are announced. Will the pair extend the bullish movement, print a new higher swing high, and cancel the bearish outlook? Alternatively, will it turn lower with strong bearish momentum to confirm the bearish continuation?

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP was trapped inside the 0.8325 – 0.8400 range even though there was a breakout above it. The pair might continue trading inside the range for now with a bullish bias as it sticks near the top of the range. Traders could continue to use the situation to range trading. However, as there is impact news this week, it might be better to stay sideline for now.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY is limited below the 198.00 level and might continue to stick near it for now. The pair mostly sideways ahead of major news this week. Will the pair break out higher and continue the bullish movement to print higher swing high? Alternatively, will it turn lower again and start a new bearish leg to target a new lower swing low?

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 180.00, 178.70

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF mostly sideways near the 1.1200 – 1.1225 area. The pair looks whipsawing up and down without clear direction. As mentioned before, the next higher swing high or lower swing low might confirm the pair’s next direction. At the current time, traders better wait for the formation of a higher swing high or lower swing low to confirm the next direction.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1360, 1.1400