EUR/JPY

EUR/JPY touched the level near 148.50 resistance level. The pair show a major bearish reaction today and might confirm a bearish reversal. If the pair continues lower then traders will wait near the trendline for a bullish reaction. When a bullish reaction happens, traders could enter long positions.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP trading upward following the resignation of Liz Truss as UK prime minister. The chaos in UK politics drives the Pound sterling down and helps EUR gain more ground. Despite the situation, EUR/GBP needs to close above 0.8750 and print a new higher high to confirm the continuation of the bullish trend.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY is mostly lower today, undergoing a bearish correction, and will target the 164.00 level. Traders will observe the pair reactions near the 161.00 – 164.00 area. If the pair could reverse the bearish pressure and print bullish closes then there is a chance of a bullish reversal and traders could enter long positions.

Today Critical level to watch:

Support: 161.00, 156.58, 153.50

Resistance: 164.00

GBP/CHF

GBP/CHF mostly sideway near the 1.1200 level. There are no major reactions yet which mean traders will continue waiting for now. If the pair continues moving upward then 1.1530 and 1.1600 is the target. On the lower side, a breakout and close below 1.1200 might become the bearish continuation confirmation.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750