EUR/JPY

EUR/JPY mostly sideways since the major bearish candlestick. It might continue ranging for now with bullish bias. On the lower side, the gap close or the trend line could become the bearish correction target to watch. On the upside, the 179.42 will become a bullish target to watch.

Today’s critical levels to watch:

Support: 175.00, 173.00

Resistance: 178.285

EUR/GBP

EUR/GBP situation mostly sideways near the 0.8700 and the trend line. No major breakout from the range yet, which mean the pair might continue moving sideways for now. Traders will stay sideline and continue to monitor the pair reactions. If the pair turn lower, then it might target the 0.8580 – 0.8600 area. On the upside, 0.8700 – 0.8750 area continue to stay as major resistance area.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY maintain the current level and might attempt to extend the bullish movement to reach new high. The latest bearish correction could not reach 200.00 level, which mean the bull still has strong control. Traders will continue to hold long positions and place stop order below latest swing low 197.45.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF trading neutral below the 1.066 as there is no bearish continuation yet. The pair might keep moving sideways for now, and traders will wait for further confirmation. As we mentioned, the pair might continue lower, but there is risk of interception by central bank.. On the upside, 1.0800 is the invalidation level for the current bearish move.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200