EUR/JPY

The bearish pressure on EUR/JPY has not receded yet. The pair made another bearish inside the orange box area. Despite the situation, the pair has not left the boxes area which means there is a chance for a bounce. Traders could enter long positions near the bottom of the orange box area.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP gained more bearish traction as the pair fell below 0.8500. Without any change in the situation, the pair soon will reach 0.8400 to test it. It seems the bearish trend has not changed yet as the pair continue printing lower low and lower high which means it is better to wait for a chance to enter short positions when the bullish correction happens.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580, 0.8600

GBP/JPY

A bullish reversal is happening in GBP/JPY now after several days sticking near 153.50. The pair has climbed above 153.50 today and might extend the bullish movement to return to the 156.58 resistance level. Long positions could be considered by traders near the 153.50 level as long as the level hold out when retest happen.

Today Critical level to watch:

Support: 150.00

Resistance: 153.50, 156.58, 160.00

GBP/CHF

GBP/CHF launched upward from the 1.2300 support level. The pair has reached the 1.2500 resistance level today with strong bullish momentum. No change to the outlook of the pair which trades between 1.2300 – 1.2500 yet. If the pair make a close above 1.2500 then we might see further upward movement to target 1.2700.

A close above 1.2700 or better 1.2800 is long-term bullish confirmation.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700