EUR/JPY

EUR/JPY broke below the orange box area and made a bearish close. The pair immediately stage a bullish recovery and currently trading inside the area. The situation is not favorable but we think there is a chance for a bullish reversal. If the pair could add more bullish pressure and close above the blue box area then the bullish trend is set to continue.

Today critical levels to watch:

Support: 128.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP formed a new lower low below the 0.8400 support level. The long-term bearish trend is set to continue. However, a bullish bounce might happen as temporary relief before the bearish continuation. If the pair trades upward then traders will use 0.8500 as a level to enter short positions.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY could not extend its bullish movement yesterday and settle the day on the bearish side. Despite the bearish close, the pair has climbed above 153.50 and might continue upward to target 156.58 also 160.00. Traders could use the 153.50 support level as the place to enter long positions.

Today Critical level to watch:

Support: 153.50, 150.00

Resistance: 156.58, 160.00

GBP/CHF

The upper range of 1.2300 – 1.2500 is under test right now. GBP/CHF made a bullish close above the 1.2500 but is currently under pressure near it. If the pair got rejected and start falling from the current level then the bearish trend is set to continue and a test on 1.2300 will happen.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700