EUR/JPY

It is a bounce or breakout lower situation for EUR/JPY. The pair currently stick near 121.50 and waiting for further reaction. If the pair could maintain the position above 121.50 then we will expect a bullish bounce will happen soon. On the other hand, a close below 121.50 by the end of week is a bearish confirmation.

Today critical levels to watch:

Support: 121.50, 120.30, 120.00

Resistance: 122.00

EUR/GBP

EUR/GBP on the path upward after the pair bullish reaction from 0.8325 – 0.8400 area. At the current time, the bullish pressure expected to continue building up and EUR/GBP might reach 0.8750 in the medium-term.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8600, 0.8750

GBP/JPY

GBP/JPY dropped further lower with strong bearish momentum and currently traded below 142.50. The pair soon will test the trendline and might continue lower if there is no bullish reaction. Traders who want to enter long positions might want to proceed carefully.

Today Critical level to watch:

Support: 141.00, 140.00

Resistance: 142.50, 145.00

GBP/CHF

GBP/CHF continues its downward movement with strong bearish momentum and leaving no room for a bounce. THe pair has formed lower low on the daily chart and it is on the way to reach 1.2500. The short-term trend has turned from bullish to bearish. Traders could start looking for short positions near 1.2900 when the pair make the bullish correction.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2900, 1.3000, 1.3060