EUR/JPY

EUR/JPY is on the path toward the trend line as shown on the chart. There is pause on the downward movement, but we think it could reach the trend line. As we mentioned before, when the pair reaches the trend line and forms strong bullish reaction, traders could add long positions. Under current situation, it is better to wait and see until the price reach the trend line.

Today’s critical levels to watch:

Support: 173.00, 170.00, 166.50, 165.00, 163.00

Resistance: 175.00

EUR/GBP

EUR/GBP bounced from the 0.8700, but loss the upward pressure. The pair might continue the consolidation inside the 0.8700 – 0.8750 area for now. If the pair continue moving bearishly, then the trend line will become the next target to watch. Overall, if the pair breakout and close above 0.8750 then the bullish trend will continue.

Today’s critical levels to watch:

Support: 0.8700, 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8750

GBP/JPY

GBP/JPY swept the stop level below 198.00 and bounced with moderate bullish momentum. It seems the bull maintain the area 198.00 – 200.00 and will attempt to extend the upward movement. As we mentioned before, the pair need to close outside the range with strong momentum to confirm the next direction.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF at the middle of 1.066 – 1.0800 range and might continue trading inside it for now. On the upside, if the pair close above 1.0800 then the trend will turn bullish. On the lower side, a new lower swing low or strong bearish movement below 1.066 will confirm the bearish continuation.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200