EUR/JPY

EUR/JPY could not lift itself above trendline and 121.50 resistance. The pair rejected from the trendline and resume its bearish trend. Today, the pair has moved below previous week low and printed fresh 2019 low. It seems the pair will continue its bearish movement and traders better avoid long positions for now.

Support: 120.00

Resistance: 121.00, 121.50, 122.00

EUR/GBP

EUR/GBP reversed after previous day the Fed interest-rate decision. It finds support at the top of the channel and attempting to bounce from it. At the current time, we have mini bounce but no strong momentum seen yet. Without any close above previous day high in the coming days then we could expect the pair to make the further bearish correction.

today critical levels to watch:

Support: 0.9000, 0.8920, 0.8900

Resistance: 0.9200, 0.9300

GBP/JPY

GBP/JPY managed to print a bullish candlestick close yesterday. But the bullish attempt immediately reversed today and the pair fall below the low. GBP/JPY might continue its bearish movement toward 130.00 support level. Traders could prepare for long positions when there is a bullish reaction. However, limit the stop up to 50 pips below the level.

Today Critical level to watch:

Support: 130.00

Resistance: 132,00, 134.00, 135.00

GBP/CHF

GBP/CHF holding out at 1.2000 support level but how long it could hold the ground near the support? We think the pair might consolidate near 1.2000 for now until it tests the top of the channel again. Without any positive development from the Brexit side then GBP/CHF expected to continue lower inside the bearish channel.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500