EUR/JPY

EUR/JPY was slightly lower yesterday but the pair managed to recover past the losses. There is not much movement in today’s trading session which extends the sideway movement of the pair. If the pair starts moving lower again then 154.00 – 155.00 will become the bearish target to watch. The pair continue printing new higher high and higher low which mean no reason to turn bearish yet.

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 continues testing the 0.8580 – 0.8600 area but there is no close above the area yet. The pair might keep moving near the area for now while waiting for reactions. Traders will continue waiting for the pair’s reactions before entering more positions. If the pair could climb and print new higher swing highs then the trend will turn bullish. On the lower side, a new lower low will confirm the continuation of a 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 managed to reach the level near 182.45 level yesterday. It seems the bearish correction will continue for now and traders will monitor the reactions near the level. If the pair could bounce upward with strong bullish momentum then the bullish trend will continue. On the lower side, a close below 182.45 will open the path toward 178.50.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF is back under bearish pressure again and might test the 1.1100 support level soon. The pair range spans between 1.1100 – 1.1225 and traders will wait for breakout and close outside of the range. Without a breakout and close outside of the range, traders will assume the consolidation of the pair to continue. At the current time, traders will use the situation to do range trading.

Today’s critical levels to watch:

Support: 1.1100, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750