EUR/JPY

EUR/JPY mostly neutral today with bullish and bearish attempts. The pair create a long tail on the upside and lower side. There is no confirmation yet on the pair’s next movement as the candlestick is neutral. Will the pair resume the bearish trend and fall below the Fibonacci Retracement level? Alternatively, will it climb to the upside again, forming a new higher swing high to cancel the bearish outlook?

Today’s critical levels to watch:

Support: 163.00, 160.00, 155.00, 154.00

Resistance: 165.00

EUR/GBP

EUR/GBP closed near the 0.8325 yesterday and there is bullish attempt today. However, the bullish attempt resulted in bearish rejection and now the pair is trading below the opening level. It might be a confirmation that the pair will resume the bearish trend to target a new lower swing low. On the upside, the pair need to climb above 0.8400 and print new higher swing high to reverse the current 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 is consolidating near the 198.00 level and the range keeps getting tighter now. Currently, the pair will continue trading sideways near the level and traders will wait for reactions. Will the pair resume the bullish movement and print a new higher swing high? Alternatively, will it turn lower and start a new bearish trend?

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF fell and closed near the 1.1225 level yesterday. There is no change to the pair outlook which moves inside the 1.1100 – 1.1360 area. The consolidation will continue and traders will use it as a chance to do range trading until a breakout happens. When a breakout happens, traders will get confirmation on where the pair will move next.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1360, 1.1400