EUR/JPY

EUR/JPY turned upward, diverging from GBP/JPY and USD/JPY direction. The pair might resume the bullish movement to target the 175.374 level. No change to the bullish outlook. If the pair turn lower, then the lower trend line is the support level to watch. Under the current situation, it is better to avoid shorting until the pair form a new lower swing low.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP bounced from the bottom of triangle pattern and currently moving near the top of triangle. A breakout will happen soon and traders will wait until the event. On the upside, if the pair continue upward, then the 0.8700 – 0.8750 area will become the target. Meanwhile, 0.8580 is the major level to watch as support.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500, 0.8430, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY turn lower below the 200.00 level, but trading near it. The pair might wait for the Fed’s FOMC meeting tomorrow. If there is no major movement with strong momentum, then the pair might continue the ranging movement between 198.00 – 200.00 area. Under current situation, it is better to wait for more confirmation.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF fall from the 1.0800 level with strong bearish momentum. The pair formed new lower low which mean the bearish structure still intact. In the latest upward movement, no new higher swing high too. If there is no change to the situation, then the pair will target a new lower swing low.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200