EUR/JPY

EUR/JPY does not continue the bearish movement after the fall below the 50% Fibonacci Retracement level. The pair currently trading upward but not with significant movement. Will the pair resume the bearish movement and print a new lower swing low? Alternatively, will it turn upward again and print a new higher swing high to continue the bullish movement?

Today’s critical levels to watch:

Support: 163.00, 160.00, 155.00, 154.00

Resistance: 165.00

EUR/GBP

EUR/GBP moving upward with strong bullish momentum, erasing 3 days’ bearish movement and returning above 0.8325. The pair might attempt to extend the bullish movement to target the 0.8400 level. As mentioned before, the pair needs to close above 0.8400 and print a new higher swing high to confirm a bullish reversal. Otherwise, the pair might print a new lower swing high near 0.8400 to continue the bearish trend.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY stay below the 198.00 level after yesterday’s bullish attempt. The pair might stick near the level for now and trading sideways. Traders will wait for further confirmation near the level. If the pair move lower with strong bearish momentum then there is a chance of the start of a new bearish trend. On the upside, a new higher swing high will cancel the current bearish outlook.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF is mostly sideways inside the 1.1100 – 1.1360 area. The pair made a strong bearish movement today away from the 1.1360 level. It will continue the ranging movement inside the area and traders could use the current situation as a chance to range trading. No change to the outlook, traders better await for a close outside of the range to get confirmation on 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