EUR/JPY

EUR/JPY failed to breakout above the 131.50 – 132.00 resistance level and now the pair trade lower again. At the current time, the pair is trading near the blue box area and will attempt to bounce from it again. Further bearish pressure could bring the pair down to test the orange area. We think a higher low will be printed near the blue or orange box area.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50, 135.00

EUR/GBP

EUR/GBP is mostly under pressure after the rejection from 0.8500. The pair currently move lower and trade toward the 0.8400 support level. Without any change in the current bearish situation, we might see a breakout below 0.8400 and a continuation of the long-term bearish trend.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY continues to stick near the 156.58 resistance level without a conclusion on the next direction. The pair seems will continue the consolidation near the level with a bullish bias. Traders will continue to hold long positions or wait for a bearish correction to add more long positions.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF trading sideway near the 1.2500 level. There is no major movement with strong momentum and the pair continue contained inside the triangle pattern. Traders will continue waiting for a breakout from the range before deciding on the next direction. We still think a bullish breakout has a higher chance compared to a bearish breakout.

Today critical levels to watch:

Support: 1.2500, 1.2300, 1.2000

Resistance: 1.2600, 1.2700