EUR/JPY

EUR/JPY bounces from the 154.00 – 155.00 area bringing the pair back near the yellow box area again. The pair situation is back to neutral and need to wait for further confirmation. If BOJ decides to do more intervention then the pair could move lower to retest the 154.00 – 155.00 area. On the upside, a breakout and close above the yellow box area could confirm a bullish continuation.

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 moving sideways after the test on the 0.8700 resistance level. No breakout yet and the pair might move lower to retest the 0.8580 – 0.8600 area. At the current time, the pair trend might have turned bullish and traders will wait for the pair to reach the support level for a chance to add long positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY gained more bullish traction last week and almost reached the 182.45 resistance level. There is a slight weakness at the beginning of this week. Traders will observe the pair movement between 178.50 – 182.45 for now. A close outside of the area might confirm the next direction of the pair.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF turns lower again inside the yellow box area. The pair might continue lower to test the bottom of the range. Traders will continue to use a ranging strategy and enter long positions with tight stops below the latest swing low.

Today’s critical levels to watch:

Support: 1.1100, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750