EUR/JPY

EUR/JPY broke above the yellow box area and managed to close above it yesterday. The pair then experience bearish pressure and relinquish all of the gains today. It might consolidate near the yellow box again and wait for further reactions. If the pair could bounce upward with strong bullish reactions then the bullish movement could continue.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP pushed lower below the 0.8700 level today. However, the pair managed to recover back to the opening level and currently maintaining a position above 0.8700. Will the pair resume the bullish movement immediately and target the 0.8750 resistance level?

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY showed bearish rejection from the level near 184.00. It seems the pair will start a bearish movement to target the 178.50 support level. Traders who enter short positions will hold the positions with a stop above 184.00 for now.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45, 184.00

GBP/CHF

GBP/CHF bullish correction is in progress but it immediately lost the bullish momentum. At the current time, the pair has turned lower again and might extend the bearish movement to print a new lower low. On the upside, if the pair manage to reach the yellow box area then traders could enter short positions on bearish reactions.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1100, 1.1200, 1.1530, 1.1600, 1.1750