EUR/JPY

EUR/JPY is slightly lower today as the market monitors the midterm election results and U.S CPI data. The pair might continue the bearish movement toward the trendline where traders will wait for a bullish reaction. When the pair make a bullish reaction, traders could enter long positions with 148.50 – 151.50 as the upward target.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP managed to print a bullish close above the 0.8700 – 0.8750 area. However, the pair come under bearish pressure today and traded back inside the 0.8700 – 0.8750 area. Will the pair maintain the position above the area and continue the upward movement to target the 0.8900 – 0.9000 area?

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY traded lower yesterday and might resume the bearish movement toward the 161.00 – 164.00 area. A new lower high might be printed on the chart and a movement toward 164.00 might print a lower low which is a confirmation of a bearish reversal. Traders will continue to monitor the pair’s reaction at the current level. If the pair could reverse the bearish pressure and print a new higher high then the bullish trend could continue.

Today Critical level to watch:

Support: 164.00, 161.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF reached the 1.1200 support level and close below it yesterday. The bearish movement has moderate momentum but no continuation yet in today’s trading session. At the current time, the pair is slightly higher and will attempt to reverse the bearish pressure. If the pair could continue moving upward then 1.1530 – 1.1600 is the upward target.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750