EUR/JPY

EUR/JPY stabilized after the bearish movement toward the 154.00 – 155.00 area. The pair not moving with strong momentum and might wait for the release of U.S. job data this week. No clue yet on the pair’s next movement, if the BOJ decides to intervene then we might see further bearish movement in the pair.

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 is trading in the middle of 0.8600 – 0.8700 and might continue sideways for now. The pair has a bullish bias now as it managed to climb above 0.8580 – 0.8600 and print a higher swing high. If the pair could continue the bullish movement and close above 0.8700 then the bullish movement could continue.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY situation is similar to the EUR/JPY situation. Traders are wondering whether BOJ will do more intervention as happened in 2022. If BOJ does more intervention then GBP/JPY should continue the bearish movement and might enter a bearish trend for the short-medium term. The pair’s major support level is located around 170.00 – 171.00 if it moves lower with strong momentum.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF mostly sideways for now inside the yellow box area. Traders will wait near the top and bottom of the range to apply the range trading strategy. A breakout and close outside of the range might confirm the pair’s next direction.

Today’s critical levels to watch:

Support: 1.1100, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750