EUR/JPY

EUR/JPY broke and closed below the triangle pattern. it means the pair will continue the bearish movement to target the 140.50 support level. Under the current situation, traders will avoid taking long positions until the pair reaches the support level and form major bullish reactions. On the upside, the trendline will become a resistance level.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP managed to bounce from the 0.8580 – 0.8600 support level but no bullish continuation in today’s trading session. The pair might consolidate near the area and wait for further bullish reactions or a breakout below it. Traders could continue to use the support level as a place to enter long positions with stops below the previous swing low.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY moving lower from the 168.50 resistance level. The pair could not print a close above it which means there is no bullish confirmation yet. At the current time, the pair might resume the bearish movement to test the 161.00 – 164.00 area. A close below 164.00 will become a bearish continuation confirmation.

Today Critical level to watch:

Support: 164.00, 161.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF upward target is 1.1530 – 1.1600 area. The pair might continue the bullish movement to test the resistance area. As long as there is no higher high printed on the chart, the trend will continue to be bearish. On the lower side, a close below 1.1200 or a new lower low will confirm a bearish continuation.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750