EUR/JPY

EUR/JPY moving inside a triangle pattern now with support at 120.00 – 120.30. At the current time, the pair looking for a bounce from the support level. Traders could expect the pair to trade sideways for now with a bullish bias. It is better to look for long positions for now unless 120.00 broken downward.

Today critical levels to watch:

Support: 120.00, 119.20, 119.00

Resistance: 120.30, 121.50

EUR/GBP

Target has been reached and it is up to the bull now to make a bounce or not. The trend is bearish but traders could start to look for long positions near 0.8400. A major bearish close below the level is a sign to exit long positions. On the other side, bear traders could continue to hold short positions for now.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8600

GBP/JPY

No reaction yet from the bull or the bear. GBP/JPY continues to maintain the position above 142.50 and might start further upside movement soon. Traders will continue to hold long positions and add more long positions if the pair make bearish correction toward the trendline.

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 145.00

GBP/CHF

A bearish pin bar formed after GBP/CHF tested 1.3060 resistance. It is a bearish indication and the pair might start moving lower to test 1.2900. Traders who want to enter short positions might want to be careful as the trend still bullish. It is safer to wait for a bearish correction and enter long positions.

Today critical levels to watch:

Support: 1.2900, 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.3000, 1.3060