EUR/JPY

EUR/JPY got rejected from the orange box area and is currently falling with strong bearish momentum. The pair retested the 128.00 support level today. Fortunately, there is no breakout below the level. Traders will continue to monitor the pair movement between the 128.00 and the orange box area. If the pair breakout is below 128.00 then 127.00 is the next bearish target.

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP finally stage a bounce from the 0.8400 support level. The pair has printed a lower swing low which means a lower swing high will confirm bearish continuation. The current bullish movement needs to clear the 0.8580 – 0.8600 area to overturn the bearish trend. Meanwhile, the 0.8500 resistance level might become a turning point for the pair to resume the bearish trend.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY failed to maintain a position above 153.50. The pair fall with strong bearish momentum today and printed a new lower low. It seems the pair will continue the bearish movement and target 150.00, 149.20 support levels. Under the current situation, traders will wait until the bearish pressure recede to determine whether long positions are good options or not.

Today Critical level to watch:

Support: 153.50, 150.00

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF got rejected from the 1.2500 resistance level and currently trading near the 1.2300 support level. The consolidation inside the 1.2300 – 1.2500 is in progress and traders will continue waiting for a breakout of the range. If the pair move below 1.2300 with strong bearish momentum then the bearish trend is set to continue.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700