EUR/JPY

EUR/JPY upward movement closed above 128.00 yesterday. It might be a reversal signal but the pair is under bearish pressure currently. If the pair close below 127.00 then traders will prepare for bearish continuation to target 125.00 and lower. On the upside, if the pair could continue and print a higher swing high and higher low above 128.00 then there is a chance of bullish reversal.

Today critical levels to watch:

Support: 127.00, 125.00

Resistance: 128.00

EUR/GBP

EUR/GBP tested the 0.8400 resistance level, also the trendline. No conclusion yet on the pair’s next direction. Will the pair breakout above both resistance levels and continue the bullish movement? Alternatively, will it get rejected and resume the bearish trend to target 0.8000?

today critical levels to watch:

Support: 0.8325, 0.8200, 0.8120

Resistance: 0.8400

GBP/JPY

GBP/JPY moving upward and set to target the 153.50 level. However, the pair is currently under bearish pressure and start moving lower again. We think the pair could continue moving down and test the 149.20 – 150.00 support area. The next long-term direction will be determined after the test on the area.

Today Critical level to watch:

Support: 150.00, 149.20

Resistance: 153.50, 156.58, 160.00

GBP/CHF

GBP/CHF bullish correction continues today but the pair losing upward pressure and currently trading below the opening level. On the upside, 1.2300 is the resistance level to watch for bearish rejection. If a new lower swing low printed then the pair could continue moving down to target 1.20000.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700