EUR/JPY

EUR/JPY reached the blue box area and there is further bearish pressure today. However, the bearish pressure seems to recede and the pair currently trading near the opening level. If a bullish bounce happens from the current level then the pair could go up to test 131.50 – 132.00. A breakout and close above the area might indicate a bullish continuation.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP got rejected from the 0.8580 – 0.8600 resistance area but the pair currently reverse the bearish pressure and is set to challenge the resistance area again. A breakout and new higher swing high are needed to confirm a bullish reversal in EUR/GBP. Without both events, traders might want to stay cautious taking long positions.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY continues under pressure below the 153.50 level. Despite the situation, the pair continuously maintain the position near the level. If the pair continue the bearish movement then it might target the 150.00 support level in the medium-long term. Traders will continue to monitor the pair reaction near 153.50 for now.

Today Critical level to watch:

Support: 150.00

Resistance: 153.50, 156.58, 160.00

GBP/CHF

GBP/CHF was under pressure yesterday as the pair closed near the 1.2300 support level. Fortunately, there is no bearish continuation today and the pair stays above the support level. If the pair could bounce from 1.2300 then there is a chance for bullish reversal with 1.2500 as an upside target.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700