EUR/JPY

EUR/JPY bearish pressure managed to reach the 154.00 – 155.00 area and showed bounce reactions. The current bearish movement is a chance for traders to enter long positions near the support level. However, the current bearish movement could be an intervention by BOJ as happened in 2022. Traders will monitor closely the pair movement near the current level. If the pair continue the bearish movement with strong momentum then it is time to stay out for a while as intervention is happening.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP upward attempt at 0.8700 halted for now and the pair consolidating not far from it. We might see the pair continue moving sideway or lower to test the 0.8580 – 0.8600 area. Traders could use the moment to enter long positions when the pair reach support level and form bullish reactions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY bearish pressure subsided and the pair currently trading upward after the test on the 178.50 support level. Despite the situation, traders will stay cautious and monitor closely the pair’s next movement. If the pair continues moving lower and close below 178.50 then it is time to stay out of long positions.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF ranging movement continues inside the yellow box area. Traders will use the range to do a range trading strategy. A close outside of the range might give confirmation of where the pair will move next.

Today’s critical levels to watch:

Support: 1.1100, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750