EUR/JPY

EUR/JPY continues the bearish correction and gets near the blue box area. The pair will test the area and traders will observe closely the reaction from it. If the pair could maintain the position and bounce from the area then the bullish trend is set to continue. Long positions could be taken with a stop below the orange box area.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP extended the bullish movement and managed to reach the 0.8580 – 0.8600 area. The pair get rejected from the area and might close the day as a bearish pin bar pattern. If the pair restart the bearish movement then we might see a bearish continuation to target the level below 0.8500.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY was under major bearish pressure as it fell and close near the 153.50 level. The pair continues moving lower today but with less bearish momentum compared to yesterday. If the pair could reverse the bearish pressure and close the day above 153.50 there is a chance for a bullish reversal.

Today Critical level to watch:

Support: 153.50, 150.00

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF touch down on the 1.2300 support level yesterday and it seems the pair pause the bearish movement today. We might see the pair trading sideline near the support level and attempt to make a bullish correction. If the pair starts moving upward then traders will wait near resistance level to enter short positions.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700