EUR/JPY

EUR/JPY under moderate bearish pressure and currently trading near the trend line. The pair has not broken the current bullish trend or the trend line, which mean a bounce might happen again. On the upside, the 175.374 is the target to watch. If the pair continue the downward movement, then the lower trend line will become the target to watch.

Today’s critical levels to watch:

Support: 173.00, 170.00, 166.50, 165.00, 163.00

Resistance: 175.00

EUR/GBP

EUR/GBP is consolidating near the 0.8750 resistance level and not showing strong reaction. The pair might continue consolidating inside the 0.8700 – 0.8750 area for now. Traders will continue waiting for further confirmation. If the pair could close above 0.8750 then the bullish trend could continue. On the other hand, if the pair close below 0.8700 then there is a chance of bearish correction toward the trend line.

Today’s critical levels to watch:

Support: 0.8700, 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8750

GBP/JPY

GBP/JPY once again experience bearish rejection from the 200.00 level. Despite the situation, no new lower low printed on the chart, which mean the bull still in control. No change to the bullish situation yet. Traders will continue waiting for more confirmation. On the lower side, the 198.00 level will become the invalidation level for the current bullish move.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF slightly higher after testing the previous swing low. The pair situation is bearish, which suggest a breakout below the support level. On the upside, the 1.0800 level is the invalidation level for the current bearish trend. If the pair continue upward from the current level, then a consolidation area between 1.066 – 1.0800 will be formed.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200