EUR/JPY

EUR/JPY bounced from the trendline and closed near 117.80. But, there is no bullish follow-through by the bull and the pair stuck near the resistance today. Without any close above the resistance then EUR/JPY might continue its bearish movement.

today critical levels to watch:

Support: 116.50, 116.00, 115.80

Resistance: 117.80, 120.00, 121.00

EUR/GBP

Further bearish movement in EUR/GBP is tolerable for the bull as long as the pair stays above 0.8920. At the current time, the pair will test 0.9000 and traders will wait for reactions. Long positions near 0.9000 and 0.8920 will become the best options traders could take for now.

today critical levels to watch:

Support: 0.9000

Resistance: 0.9100, 0.9200, 0.9300

GBP/JPY

Sideway between 128.20 – 130.00 and there is no change to the outlook yet. GBP/JPY currently testing the top of range and traders could enter short positions if there is no close above 130.00 by the end of the day. If the pair could break upside then the trendline will become a target.

Today Critical level to watch:

Support: 128.20

Resistance: 130.00, 132,00

GBP/CHF

More bullish action seen in GBP/CHF today. The pair climb above 1.2000 and surpass previous week high. It is possible GBP/CHF will start a new bullish leg. However, traders might want to wait until the close of the day to determine if 1.2000 indeed broken. Long positions near 1.2000 will become an option, traders could take after the closure above it.

Today critical levels to watch:

Support:1.2000

Resistance: 1.2300