EUR/JPY

EUR/JPY reversed the bearish movement and started moving up again today. The pair is expected to continue the bearish movement and reach the Fibonacci Retracement level as well as the trendline as shown on the chart. At the current time, traders will wait for the pair to continue the bearish movement and wait for a reaction near the support levels. When there are bullish reactions near the support level, traders could add long positions.

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 pushed lower with strong bearish momentum from the 0.8750 and closed near the 0.8700 level. The pair might extend the bearish movement and break from the 0.8700 – 0.8750 area. Despite the situation, there is no clear breakout yet from the range which means the consolidation might continue inside the range.

Today’s critical levels to watch:

Support: 0.8700, 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8750

GBP/JPY

GBP/JPY turned upward again and has surpassed yesterday’s high. The pair might continue the bullish movement to target a new higher high. No change to the strategy, traders will wait for the pair to make a bearish correction toward support levels for a chance to add long positions.

Today’s Critical level to watch:

Support: 184.00, 182.45, 178.50

Resistance: 186.00

GBP/CHF

GBP/CHF direction is uncertain as the pair trade near the 1.1100 level. There is no new higher high or lower low on the chart which means the direction is sideway. At the current time, traders will continue waiting for the pair to react inside the yellow box area. The next higher high or lower low might confirm the pair’s direction.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1100, 1.1200, 1.1530, 1.1600, 1.1750