EUR/JPY

EUR/JPY undergo bearish pressure today before it could reach the 161.8% Fibonacci Extension level. If a bearish correction occurs near the current level, then there is a chance of downward movement to retest the previously broken swing high. Traders could use the level and the 175.00 level as support.

Today’s critical levels to watch:

Support: 175.00, 173.00

Resistance: 178.285

EUR/GBP

EUR/GBP bounce from the trend line which mean the triangle pattern is respected. The pair might start moving upward again to retest the 0.8750 level. If the situation continues, then at some point we might see a bullish breakout above the 0.8750 level. However, if the pair breakout lower, then the 0.8580 – 0.8600 area will become the target area to watch.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY completed the 161.8% Fibonacci Extension level and experience bearish rejection. The pair turn lower and might start the first bearish correction above the 200.00 level. 200.00 – 201.23 will become the area to watch as bearish correction target. On the upside, the 208.079 will become the long-term bullish target to watch.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance:

GBP/CHF

GBP/CHF stay at the middle of 1.066 – 1.0800 area. The pair situation is bearish for long-term but neutral in the short-term. The next direction will depend on the breakout direction from 1.066 – 1.0800 area. Traders could use the top and bottom of range to do range trading for now.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200