EUR/JPY

EUR/JPY is under bearish pressure and currently undergoing a bearish correction. The bearish correction will target the trendline and the Fibonacci Retracement level where bullish reactions might happen. Traders could wait near both levels for a chance to enter long positions. If all the current support levels are broken to the downside and there is a new lower swing low then the trend will turn bearish for the medium-long term.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00, 151.50, 148.50

Resistance: 162.87, 171.00

EUR/GBP

EUR/GBP was rejected from the 0.8750 resistance level and fell with moderate bearish pressure. The bearish movement will test the 0.8700 level and the trendline. If the pair could break and close below both levels then the trend might turn bearish again. A new lower low could signal the end of the current bullish movement.

Today’s critical levels to watch:

Support: 0.8700, 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8750

GBP/JPY

GBP/JPY is trading lower and will target the 184.00 and 182.45 levels. Traders will wait for reactions near both levels for now. If the pair could maintain the position and bounce from both levels then there is a chance of bullish continuation. On the other hand, further weakness and a new lower low will confirm a bearish continuation.

Today’s Critical level to watch:

Support: 184.00, 182.45, 178.50

Resistance: 186.00

GBP/CHF

GBP/CHF direction is bearish but the pair continues making bullish attempts near the 1.1100 level. As mentioned before, if the pair turns lower and prints a new lower low then the bearish trend will continue. On the upside, a close above the yellow box area will cancel the current bearish outlook.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1100, 1.1200, 1.1530, 1.1600, 1.1750