EUR/JPY

EUR/JPY slowly moving upward to erase the losses incurred last week. The pair might maintain the ranging movement ahead of the Fed’s FOMC meeting. Traders will monitor the pair’s reactions after the announcement. If the pair trade lower toward 154.00 – 155.00 then traders could use the chance to enter long positions. If the pair immediately move upward then there is nothing traders will do aside from waiting for a bearish correction.

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 built more bullish pressure as the price managed to close above 0.8600. The pair will attempt to extend the bullish movement to print a new higher swing high. On the upside, 0.8700 is the upside target to watch and the level needs to be broken to confirm a bullish continuation. On the other side, a bearish reversal and a new lower low will cancel the current bullish outlook.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY stick near the 182.45 level and waiting for further reactions. The pair will continue trading sideway near the level and traders will accumulate long positions between 178.50 – 182.45. On the lower side, as long as the pair could maintain 178.50 and no lower swing low then the bullish trend could continue.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF sticks near the 1.1100 support level and will attempt to bounce from it. No change to the ranging situation between 1.1100 – 1.1225 and traders will wait for a breakout and close outside of the range. Will the pair break lower and print a new lower low to confirm a bearish continuation? Alternatively, will it just continue the sideway movement between 1.1100 and 1.1225 until the end of the year?

Today’s critical levels to watch:

Support: 1.1100, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750