EUR/JPY

EUR/JPY continues the bearish movement today after the previous day’s major bearish close. The pair might extend the bearish movement and target the 154.00 – 155.00 area. Traders will make use of the bearish correction as a chance to add more long positions. However, if the pair extends the bearish movement and prints lower low below 151.50 then the bearish trend might continue. At the current time, the pair has not printed a new lower low which means the overall trend is still bullish.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP fell from the 0.8580 – 0.8600 area which might confirm the bearish continuation. However, the pair not continuing the bearish movement and looks trading upward today. If the pair could reverse the bearish pressure and close above 0.8600 then the trend could turn bullish again. On the other hand, a bearish continuation and a new lower low will confirm the continuation of a long-term bearish trend.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY trying to continue the bearish movement after the previous day’s bearish close. The pair might target the 182.45 level and test it. Traders will monitor the pair reactions near the level. If the pair could bounce with strong bullish momentum then the bullish trend will continue. On the lower side, a close below 178.50 might become the bearish confirmation to watch.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF tested the 1.1200 resistance level and the pair fell with strong bearish momentum today. It seems the consolidation will continue between 1.1100 – 1.1225 for now. Traders will continue maintain bearish bias and make use of each bullish attempt as chance to enter bearish positions. A close outside of the range will confirm the next direction of the pair.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750