EUR/JPY

EUR/JPY fell and reached the level near the blue box area. The pair might bounce anytime from the box area and restart the bullish movement. At the current time, traders will wait for the bullish reaction to confirm bounce and enter long positions. As long as there is no lower swing low then the trend is expected to continue bullish.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP rejection from the 0.8580 – 0.8600 create a temporary bearish movement. The pair might fall toward 0.8500 to test it and bounce to continue the bullish movement. If the pair fails to breakout above 0.8580 – 0.8600 or could not print a higher swing high then the bearish trend will continue.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY overall direction is bearish for the short term. It seems the 153.50 support level is maintained for now with a few bearish close below it. If the pair start moving upward again then it is expected to breach the 156.58 resistance level and print a higher swing high.

Today Critical level to watch:

Support: 153.50, 150.00

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF temporary bounce from the 1.2300 support level seems losing bullish pressure and might resume its bearish movement. Traders will wait for the pair to continue the upward movement to enter a short position near the resistance level.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700