EUR/JPY

EUR/JPY slightly lower yesterday but no conclusive movement yet. The pair will continue testing the Fibonacci Retracement level and aiming to extend the bullish movement. Despite the current bullish movement, we still expect the pair to start a bearish reversal and resume its long-term bearish trend. However, a close above the 61.8% Retracement level might change the outlook to bullish.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP consolidating near the 0.8325 level right now. The pair’s overall direction is bearish which means a bearish breakout will trigger a bearish continuation. On the upside, there is a chance of movement toward the 0.8400 resistance level. As long as the pair continues printing new lower swing low and lower swing high, it is better to stay bearish.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY made a bearish close yesterday but not a significant one. The pair continues trading near the 198.00 resistance level and might attempt to close above it. Traders will continue waiting for further reactions from the resistance level. The same as EUR/JPY when the pair form a major bearish reaction, traders could enter short positions.

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 made a bounce reaction from the 1.1200 – 1.1225 area. It means the consolidation will continue and traders will stay sideline. As mentioned before, the next higher swing high or lower swing low will confirm the pair’s next direction. It is better to wait for the weekly closing level too to get better confirmation.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1360, 1.1400