EUR/JPY
EUR/JPY mostly sideways as the pair does not continue the bearish movement toward the 154.00 – 155.00 area. At the current time, the pair looks trading upward but inside the bearish candlestick range. We might see the pair continue trading sideway before the Fed interest-rate decision this week. It is better to stay sidelined for now and wait for a bearish correction to enter long positions near support levels.
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 managed to close above 0.8600 again and there is a bullish continuation in today’s trading session. The pair might attempt to print a new higher high to confirm further bullish movement. On the upside, the pair will target 0.8700 once it has bullish confirmation. However, if the pair turn lower again and print a new lower low then the bearish trend might continue.
Today’s critical levels to watch:
Support: 0.8600, 0.8580, 0.8400, 0.8325
Resistance: 0.8700, 0.8750
GBP/JPY
GBP/JPY continues consolidating near the 182.45 level and will wait for further reactions. There is no major change to the situation which might lead to sideway movement before the Fed interest-rate decision. If the pair could bounce with strong bullish reactions then the bullish trend could continue. On the lower side, as long as there is no close below 178.50, the trend will continue to stay bullish.
Today’s Critical level to watch:
Support: 182.45, 178.50, 172.00, 170.00, 168.50
Resistance:
GBP/CHF
GBP/CHF bearish attempt below the 1.1100 support level resulted in bullish reactions again today. The pair might close the day on the positive side and there might be a bullish continuation the next day. Traders will continue to observe the pair reactions inside the 1.1100 – 1.1225 area for now. Breakout and close outside of the area after the Fed interest-rate decision might confirm the next direction.
Today’s critical levels to watch:
Support: 1.1100, 1.0500, 1.0000
Resistance: 1.1200, 1.1530, 1.1600, 1.1750