EUR/JPY

EUR/JPY hanging near the high and might extend the bullish movement toward the higher Fibonacci Retracement. There was not much movement yesterday and the pair might also consolidate near the current level. In the long term, we still wait for a bearish reaction to confirm a bearish reversal. However, if the pair continues printing new higher highs and higher lows then it is better to observe other pairs to take positions.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP closed lower below 0.8325 but no new lower swing low was printed on the chart. The pair situation looks sideways for now where it might continue to stick near the 0.8325 level. Traders will continue to observe the pair reactions for now. If the pair starts moving upward then traders could wait near the resistance level for a chance to enter short positions when bearish reactions happen.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY climb above the Fibonacci Retracement levels where it might attempt to extend the bullish movement. There are no bearish reactions as the pair formed another bullish close yesterday. Under the current situation, it is better to wait sideline and observe the pair’s reactions. If the pair continues printing new higher highs and higher lows then there is no bearish reversal will happen yet.

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 bounced from 1.1200 – 1.1225 and made a bullish close yesterday. The pair’s situation looks bullish but it has been sideways since the beginning of the month. Traders better wait for the formation of a higher swing high or lower swing low to confirm the pair’s next direction. At the current time, it is better to stay sideline.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1360, 1.1400