EUR/JPY

Traders might expect reaction near 117.80 support level. However, no bearish or bullish reaction seen and the price continue to stick near the level. No clue on the next direction, the pair could move either way. It is better for traders to continue to monitor the reaction near the support before placing any positions.

Support: 117.80

Resistance: 120.00, 121.00

EUR/GBP

EUR/GBP bounced from the bottom of channel and currently testing the top of channel. The pair might resume its bullish trend inside the channel. Traders could use the moment to take long positions whenever the pair move lower and testing the bottom of channel.

today critical levels to watch:

Support: 0.9100, 0.9000

Resistance: 0.9200, 0.9300

GBP/JPY

It is enticing to enter long positions at the current level. But, GBP/JPY overall trend is bearish which mean long positions pose more risk than short positions. At the current time, GBP/JPY traded inside 128.20 – 130.00 range and might continue its movement inside the range with bearish bias.

Today Critical level to watch:

Support: 128.20, 127.00, 125.00

Resistance: 130.00, 132,00

GBP/CHF

GBP/CHF closed near the bottom of channel yesterday. The pair reacted bearishly today and might resume its bearish trend. At the current time, traders will wait the closing of daily trading day. Short positions might be the option traders could take. If the pair continue upward then the top of channel is the level to watch for short positions.

Today critical levels to watch:

Support: –

Resistance: 1.2000, 1.2300