EUR/JPY

EUR/JPY returns to the yellow box area and might continue consolidating near the area. Traders will continue waiting for reactions near the area for now. If the pair starts moving lower again then the 154.00 – 155.00 area will continue to become the support level to watch. On the upside, a new higher high will confirm the continuation of the bullish trend.

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 was mostly higher after the bounce from the level not far from 0.8580 – 0.8600. The pair might continue the bullish movement to target the 0.8700 resistance level. A close above 0.8700 will confirm the continuation of a bullish trend in the pair.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY rejection from the 182.45 resistance level resulted in a two-day bearish close. The pair currently trading inside the 178.50 – 182.45 area and will wait for a close outside of the range. The next higher high or lower low might become the confirmation of the next trend.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF made a major bearish breakout from the yellow box area which means the trend will continue bearish. If the pair starts moving upward then traders will wait for bearish reactions near the yellow box area. When there is bearish reactions, traders could enter short positions.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1100, 1.1200, 1.1530, 1.1600, 1.1750