EUR/JPY

EUR/JPY continue making bullish attempt but no new higher swing high printed on the chart. However, the lows is getting higher which mean a possible breakout or a fake breakout could happen soon. Traders will wait for the actual event to happen and get confirmation on the next direction. We still think the pair will resume its bearish trend in the medium-long term.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP consolidating below the 0.8400 level and keep testing the level. There is no breakout yet or a major bearish rejection from the level. At the current time, the pair is trading inside 0.8325 – 0.8400 area and will continue the movement inside it. Traders will wait for breakout and close outside of the range to get confirmation on the next direction of movement.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY situation is similar to the EUR/JPY situation. The pair is consolidating not far from breakout point and it might show a major reactions soon. Traders will wait for the actual breakout to happen before deciding on the positions to take. If the pair continue upward and close above 198.00 or 200.00 then there is chance of bullish continuation. However, if the pair move upward and show major bearish rejection then it is a confirmation to enter short positions.

Today’s Critical level to watch:

Support: 193.50, 190.00, 180.00, 178.70

Resistance: 195.00, 198.00, 200.00

GBP/CHF

GBP/CHF continue trading near the 1.1200 – 1.1225 area. The pair get supported but it is under bearish pressure too near the area. There is no conclusion on the pair next direction. It is better to stay sideline and monitor the pair reactions near the 1.1200 – 1.1225 area. The next higher high or lower low might give confirmation on the pair next direction.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1360, 1.1400