EUR/JPY

EUR/JPY is trading sideway nearing the Fed FOMC meeting this week. The pair might maintain its ranging movement and breakout with strong momentum. Traders will wait for a bearish correction toward the 140.50 support level for a chance to enter long positions. On the upside, 148.50 – 151.50 is the area to watch as a target.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00, 134.50

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP start a bearish movement today and fell below 0.8750. The pair will retest the broken 0.8700 – 0.8750 area before further upside. If the bearish correction break below 0.8700 then traders will wait near the 0.8580 – 0.8600 area. The current trend has turned bullish which means short positions are at higher risk than long positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY is building bullish pressure and currently trading at the 164.00 level. The pair might keep pressuring to the upside and attempt to continue the bullish trend. However, at the current time, the pair is trading between 161.00 – 164.00 where a bearish rejection might happen at 164.00.

Today Critical level to watch:

Support: 164.00, 161.00

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF is in a bearish trend with a new lower low printed. The pair looks losing bearish momentum but maintains its position near the low. If the pair start a bullish correction then it will target the 1.1200 level for a test. A bearish rejection from the 1.1200 resistance level will become a signal to enter short positions.

Today’s critical levels to watch:

Support:

Resistance: 1.1200, 1.1530, 1.1600, 1.1750