EUR/JPY

EUR/JPY pushed lower and printed a new lower low on the chart. The pair seems to continue the bearish movement to target a new lower swing low. At the current time, a new lower swing high printed around 162.80 which means a breakout above the level could reverse the current bearish movement. As the bearish leg has started, it is better to stick with short positions until the lower high is broken.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP has not moved far from the 0.8400 level. The pair situation is bearish but it might consolidate near 0.8400 for now. If the pair manage to break out and close below the level then the bearish trend will continue. If a bullish bounce happens then the 0.8500 – 0.8530 could become the bullish target to watch. As the trend is bearish, traders better wait near the resistance level for a chance to enter short positions.

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 continues the bearish movement and falls with moderate pressure. When the pair falls below 188.50, it will erase all of the gains that happened since mid-August. Under the current situation, we will assume that the bearish trend will continue and the pair will target a new lower swing low. On the upside, a new higher swing high will open the way toward 198.00.

Today’s Critical level to watch:

Support: 180.00, 178.70

Resistance: 190.00, 193.50

GBP/CHF

GBP/CHF situation is sideways between 1.1000 – 1.1225 and the pair might continue ranging movement for now. Traders will continue waiting for the breakout and close outside of the range to get confirmation on the next direction. Overall, we think the pair will resume the bearish trend and target a new lower swing low on the chart.

Today’s critical levels to watch:

Support: 1.1000, 1.0800, 1.0500

Resistance: 1.1200, 1.1225