EUR/JPY

EUR/JPY continues trading near the yellow box area and might trade sideways for now. Traders will wait for the formation of a higher high or a close below 154.00 to confirm the next direction. At the current time, it is better to stay sideline.

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 showed bullish reactions before it reached the 0.8580 – 0.8600 area. The pair might start moving upward to target the 0.8700 resistance level. However, if the pair resumes the bearish movement and closes below 0.8580 then there is a chance of a bearish continuation.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY got rejected from the level near the 182.45 resistance level. At the current time, no confirmation yet that the pair will continue moving lower. Traders will wait for further confirmation near the current level. If the pair trades lower below the previous day’s low then the bearish movement could continue toward 178.50.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF made a bearish close yesterday near the bottom of the yellow box area. The pair seems on the verge of a bearish breakout and traders will monitor the pair’s reactions for now. If the pair could bounce upward with strong bullish momentum then the consolidation inside the yellow box area will continue.

Today’s critical levels to watch:

Support: 1.1100, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750