EUR/JPY

EUR/JPY has reached the 148.50 targets and shows bearish reactions. It seems the pair will start a bearish correction to target the 145.50 level. Traders will use this moment to enter long positions on a bullish bounce. However, if the pair continues moving lower then the 142.75 support level is another place to look for long positions.

Today’s critical levels to watch:

Support: 142.75, 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP make a bullish attempt today but it looks like the pair losing upward pressure. At the current time, the pair has returned to its opening level and might close the day near it. If the pair continue moving lower again then traders will prepare for further weakness toward 0.8750. On the upside, 0.8900 and 0.9000 are the bullish targets.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY undergo a major bearish movement today which might reverse the current upward trend. If the pair start moving lower then it will target the 164.00 support level. Traders could use the level to look for long positions when there are bullish reactions. On the upside, a close above 168.50 might confirm the continuation of the bullish trend.

Today’s Critical level to watch:

Support: 164.00, 161.00, 160.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF extend the bearish movement and there is no change to the situation yet. The pair might continue lower and print a new lower low on the chart. However, if a bullish reversal happens then 1.1200 and the trendline will become the resistance levels to watch. As long as the pair continue printing a new lower low and lower high then it is better to avoid long positions.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750