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 looks moving lower slowly and might target the trend line also 0.8750 level. If the pair manage to reach both levels and produce bullish reactions, traders could add long positions. However, if there is breakout and close below the trend line, then the situation might turn bearish.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600

Resistance: 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY has printed new higher swing high but no significant bullish extension toward target yet. On the upside, 207.42 and 210.13 are targets to watch. If the pair turn lower again, then the previous swing high between 204.21 – 205.29 is the area it might form support and bounce upward.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF is trading near the top of channel and there is no bearish reactions. If the pair continue upward and close above 1.066 then the trend might turn bullish and the bearish trend ended. On the other hand, if the pair respect the top of the channel, form major bearish reactions, then we will see bearish continuation.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200