EUR/JPY

EUR/JPY made a bullish attempt, but no new higher swing high has been printed yet. The pair looks consolidating near the Fibonacci Retracement levels and waiting for further reactions. Will the pair extend the upward movement and test the 50% Retracement level before resuming the bearish trend? At the current time, traders will continue to observe the pair’s reactions near the Retracement levels.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP was limited below the 0.8400 level and might continue trading between 0.8325 – 0.8400. Currently, the pair movement is near the 0.8400 level and will attempt to break out above it. If the pair could breakout and close above 0.8400 then there is a chance of a bullish continuation to target the previous swing high. Without a breakout, the pair will continue consolidating inside 0.8325 – 0.8400.

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 stuck near the 50% Fibonacci Retracement level where it will continue trading sideways. No confirmation yet that the pair will resume the bullish movement to print a new higher high. On the upside, the pair might target the 198.00 level where a bearish reactions might happen. When the pair form major bearish reactions, traders could enter short positions.

Today’s Critical level to watch:

Support: 190.00, 180.00, 178.70

Resistance: 193.50

GBP/CHF

GBP/CHF moving up and down near the 1.1200 – 1.1225 area. The pair is mostly sideways right now and continue testing the support level. No conclusion yet on where the pair will move next. Traders better wait until the breakout and close outside of the consolidation range to confirm the next direction. The next higher swing high or lower swing low might give better confirmation of the pair’s next direction.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1360, 1.1400