EUR/JPY

EUR/JPY resume the bearish movement and breakout below the 175.374 level. It seems the pair will attempt to extend the current bearish movement to close the gap or target the trend line. As the bearish movement looks gaining momentum, traders better prepare at the lower support level. When there is strong bullish reactions, traders could consider entering long positions.

Today’s critical levels to watch:

Support: 175.00, 173.00

Resistance: 178.285

EUR/GBP

EUR/GBP maintained the trend line and there is bullish follow-through today. The pair might attempt to move upward to retest the 0.8750 level again. The current formation is an ascending triangle, which is bullish. Traders will continue to use the bottom of the triangle to take long positions and move stop based on the latest swing low. On the upside, a breakout and close above 0.8750 will confirm bullish continuation.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY continue the bearish movement and will target the 200.00 level. There is a chance the pair continue the downward movement to close the gap too. Traders will wait until the bearish movement lost the momentum and stabilize near the support level. When there is strong bullish reactions, then it is confirmation for traders to enter long positions.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF resume the bearish trend as it fall below 1.0660 and print new lower swing low. The pair now might attempt to target the bottom of 2022. Traders will stay cautious while continue holding short positions. Intervention might happen as what happened in 2022. Placing stop order above 1.08000 is the strategy traders could apply.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200