EUR/JPY

EUR/JPY trading upward as the U.S. dollar index gained while other assets declined. The current upward movement might be a temporary reaction to the rising tension in the Middle East. As long as the pair does not make a close above the latest bearish candlestick high, there is a chance of bearish continuation. Traders will continue monitoring the pair reactions near the Fibonacci Retracement levels.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP stuck near the 0.8325 level without major reactions. The pair might continue trading near the level while waiting for further reactions. If the pair breaks and falls with strong bearish momentum then the bearish leg could continue. On the other hand, if a bullish bounce happens then the pair might target 0.8400 for a bearish retest.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY is back near the 193.50 level and will test it. The pair might break out and print a new higher swing high to reverse the current bearish trend. However, the pair might also get rejected again and finally resume the bearish trend to target a new lower swing low. No clue about the pair’s next direction, it is better to wait for further reactions near the Fibonacci Retracement levels.

Today’s Critical level to watch:

Support: 190.00, 180.00, 178.70

Resistance: 193.50

GBP/CHF

GBP/CHF bounced from the 1.1200 level again which means no breakout from the 1.1200 – 1.1360 area. The pair will continue moving inside the area and traders will monitor the reactions inside it. When the pair could print a new higher swing high or lower low, it is the time when traders will get confirmation on the next direction of the pair.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1360, 1.1400