EUR/JPY

EUR/JPY gets rejected from the Fibonacci Retracement levels and is set to continue the bearish movement. If the pair manage to print a lower low then the bearish movement could immediately continue. On the other hand, a new higher high above yesterday’s high could bring the pair further upward to test Fibonacci Retracement levels.

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 0.8400 level and there are no major reactions yet. If the pair took a long time to bounce from the level then we might see a bearish breakout below the level and a continuation of a bearish trend. On the upside, 0.8500 – 0.8530 will become the bullish target to watch.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8530, 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY shows bearish reactions in today’s trading session. The pair might start a new bearish leg to continue the bearish trend. However, a consolidation could continue near the Fibonacci Retracement levels. Traders will continue to use each bearish reaction near the levels as a chance to enter short positions.

Today’s Critical level to watch:

Support: 190.00, 180.00, 178.70

Resistance: 193.50

GBP/CHF

GBP/CHF stick inside the 1.1000 – 1.1225 area and there is no sign of breakout from the area yet. The pair might continue consolidating inside the area for now and traders will monitor the reactions. Traders could use the top of the range or the bottom of the range to do range trading. However, we suggest sticking with bearish positions more as the trend is bearish.

Today’s critical levels to watch:

Support: 1.1000, 1.0800, 1.0500

Resistance: 1.1200, 1.1225