EUR/JPY

EUR/JPY turn lower with strong bearish momentum today. The pair is currently trading near 180.00 and will attempt to bounce from it. If the pair extend the bearish movement, then the 50% Fibonacci Retracement level & previously broken swing high will become the major support level to watch.

Today’s critical levels to watch:

Support: 180.00, 178.765, 175.00,

Resistance: 180.54

EUR/GBP

EUR/GBP slowly moving upward event though it comes under pressure today. No change to the bullish outlook, on the lower side, the 0.8750 & trend line is the support levels to watch for bounce. Traders could continue to use bearish correction as a chance to add more long positions. On the upside, the 0.8920 and 0.9000 are the targets to watch.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600

Resistance: 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY printed new higher swing high & on the path upward to target 207.42 – 208.00. As the pair has printed a new higher swing high, we have confirmed bullish continuation. If the pair turn lower, then the 203.44 – 203.50 is the nearest area to watch for bounce reactions.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF is inside the bearish channel and currently trading near the top of it. There is no bearish reactions yet, which mean a breakout might be possible. On the upside, a close above 1.066 might turn the trend bullish. Under the current situation, traders will wait for bearish reactions to confirm that the pair will continue moving lower inside the bearish channel.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200