EUR/JPY

EUR/JPY continue trading sideway for several weeks and there is no change to the situation yet. The pair will continue the sideway movement for now and traders will wait for further confirmation. If the pair continues lower then 154.00 – 155.00 is the area to watch for a bounce. On the upside, a new higher high is the target when the price resumes bullish movement.

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 has reached 0.8700 and currently, the pair continue consolidating near the level. If the pair could break out and close above 0.8700 then the bullish movement will continue. On the lower side, if the pair makes a bearish correction then traders could wait near the 0.8580 – 0.8600 area for a chance to add more long positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY bearish close below the 182.45 level might indicate further weakness to target the 178.50 support level. At the current time, the pair might consolidate inside the 178.50 – 182.45 area and traders will wait for breakout and close outside of the area. The overall trend is bullish as long as there is no lower low printed below the 178.50 level.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF choppy situation continues near the 1.1100 support level. The pair might continue moving sideway in a choppy manner for now. If the pair could print a new lower low then the bearish trend will continue. On the upside, a close above 1.1225 might confirm a bullish reversal.

Today’s critical levels to watch:

Support: 1.1100, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750