EUR/JPY

EUR/JPY fall with strong bearish momentum today. The pair soon will leave the Fibonacci Retracement levels and continue the bearish movement. No change to the latest outlook, we expect the pair to resume the bearish trend but are always prepared to change the outlook if the pair can climb and print a new higher swing high.

Today’s critical levels to watch:

Support: 163.00, 160.00, 155.00, 154.00

Resistance: 165.00

EUR/GBP

EUR/GBP returned above the 0.8325 level with moderate bullish momentum today. The pair might resume the bullish movement to target the 0.8400 resistance level. As mentioned before, if the pair could climb above 0.8400 and print a new higher swing high then the trend could turn bullish. On the lower side, as long as the pair continue printing a new lower swing low then the trend will continue bearish.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY fell with moderate bearish momentum today from the 198.00 level. It might be a confirmation that the pair will start a new bearish move to target a new lower swing low. Traders who have short positions from the 198.00 – 200.00 level will hold it for now while waiting for next week’s movement.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF made a bearish movement today but has not left the 1.1100 – 1.1360 area yet. The pair might continue trading sideways inside the range and as mentioned before, traders will continue to use it as a chance to do range trading.  Without any breakout and close outside of the range, it is better to continue range trading.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1360, 1.1400