EUR/JPY

EUR/JPY making a bearish correction and looks to bounce from the 175.71 level or the 38.2% Fibonacci Retracement level. The pair has not follow-through the bullish movement and might stall near the current level. If the bearish correction continues, then the trend line will become the target to watch.

Today’s critical levels to watch:

Support: 175.00, 173.00

Resistance: 178.285

EUR/GBP

EUR/GBP above the 0.8750 and is expected to continue the bullish trend. On the upside, the 0.8920 and 0.9000 is the targets to watch. On the lower side, 0.8750 is the support level to watch, also the trend line. Traders will maintain bullish outlook on the pair for now as long as it stays above the trend line.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600

Resistance: 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY closed the gap below 200.00 and made a bullish reaction. The pair managed to close above 200.00 and might continue to stay above the level for now. If the pair could immediately extend the upward movement, then the bullish trend might continue. On the lower side, a close below 198.00 will cancel the current bullish outlook.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF bearish trend is ongoing and there is no bullish reversal sign yet. The pair has 1.066 as major resistance level to watch now. If the pair trading upward and get rejected from 1.066, then traders could enter short positions. On the upside, 1.0800 will become the invalidation level for the current bearish trend.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200