EUR/JPY

EUR/JPY makes a bullish attempt to surpass the upper consolidation limit today. It managed to cross above the level initially but currently has returned to the opening level. Will the pair break out and continue the bullish movement toward upper Fibonacci Retracement levels? Alternatively, will it resume the bearish trend and target the 154.00 – 155.00 area again?

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP is under bearish pressure near the 0.8325 level as each bullish attempt receives equal bearish strength. At the current time, the pair might continue consolidating near the 0.8325 level. However, if the bearish breakout and new lower swing low printed then the pair could resume the bearish trend. Meanwhile, a bounce from the current level could bring the pair up to continue the movement between 0.8325 – 0.8400.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY attempting to extend the bullish movement toward the 198.00 resistance level today. The same as before, traders will wait for the pair to make either a bearish reaction or a massive bullish movement above 198.00 before deciding to enter positions. We still expect the pair to resume the bearish trend and target a new lower swing low. The bearish scenario will be canceled or delayed when a massive bullish breakout above 198.00 and 200.00 happens.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 180.00, 178.70

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF closed below the triangle pattern but no new lower swing low printed on the chart yet. Traders will continue observing the pair reactions near the current level. As mentioned before, it is better to wait for a new higher swing high or lower swing low to confirm the next direction.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1360, 1.1400