EUR/JPY

EUR/JPY aiming for the trendline and slowly moving lower right now. The pair’s bearish movement could continue when it forms a new lower low and close below the trendline. At the current time, traders will stay cautious as the latest bullish attempt failed to print a new higher high.

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 confirmed a bearish trend to target the 0.8580 – 0.8600 area. The pair has formed a new lower low and might start a new bearish trend. If the pair trades upward the 0.8700 will become the resistance level to watch for a lower high and a chance to enter short positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY little changed today as the pair traded near the opening level. As mentioned before, we might see the pair start a bearish correction to target the 184.00 level. If the bearish movement could print a new lower low then the trend might turn bearish. On the other hand, if the pair resumes the bullish movement and print another higher high then the bullish trend will continue for now.

Today’s Critical level to watch:

Support: 184.00, 182.45, 178.50

Resistance: 186.00

GBP/CHF

GBP/CHF turned lower today and fell below yesterday’s low. The pair might continue the bearish movement to test the 1.0600 level. At the current time, a consolidation might continue near the level and the pair might bounce upward to target 1.1200. Traders might want to continue observing the pair reactions inside the 1.0600 – 1.1200 area for now.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1100, 1.1200, 1.1530, 1.1600, 1.1750