EUR/JPY

EUR/JPY made a bullish attempt today but immediately lost bullish pressure. The pair currently trading near the opening level and might close near it. We think the pair could continue the bearish movement and target a new lower swing low. However, if the pair turns upward again and prints a new higher swing high then traders will prepare for a bullish continuation as the structure is bullish.

Today’s critical levels to watch:

Support: 163.00, 160.00, 155.00, 154.00

Resistance: 165.00

EUR/GBP

EUR/GBP resumed the bearish movement with a new lower swing low printed. The pair will continue the bearish trend and traders will wait for a bullish correction. On the upside, 0.8325 is the level to watch as resistance level. When the pair retest the level and form bearish reactions then traders could enter short positions.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY closed below 198.00 but the pair made another bullish attempt today. It moved upward and currently trades near the 198.00 level. It seems a consolidation might happen near the level and traders will wait for further confirmation. If the pair could resume the bearish movement with strong pressure then the bearish trend could start. On the upside, if the pair could climb and print a new higher swing high then the trend will stay bullish.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF is trading upward but staying inside the 1.1100 – 1.1360 range. No change to the situation yet, traders will observe the pair movement inside the range. If the pair gets rejected again then it will target the bottom of the range. At the current time, traders could continue to apply a range trading strategy and wait for a breakout to happen.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1360, 1.1400