EUR/JPY

The pair bullish attempt ended in a close below 120.00 yesterday. EUR/JPY currently making another bullish attempt but limited below 121.50. Will the pair make another close below 120.00 and continue its bearish movement toward 119.20?

Today critical levels to watch:

Support: 119.20

Resistance: 120.00, 120.30, 121.50

EUR/GBP

EUR/GBP move lower slowly and set to test the 0.8400 support level. The pair expected to continue its consolidation between 0.8400 and the red trendline. Not much clue for the next direction yet. It is also possible EUR/GBP will breakout toward 0.8120 as Euro continues to weaken.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8600, 0.8750

GBP/JPY

GBP/JPY returns to the 142.50 handles and moving in line with expectations. The pair will trade back and forth 142.50 for now and traders might want to stay sideline.

Today Critical level to watch:

Support: 141.00, 140.00

Resistance: 142.50, 144.33, 145.00

GBP/CHF

GBP/CHF drifted in the 1.2500 – 1.2700 range and expected to continue its ranging movement. As long as there is no break out of the range, traders will apply ranging strategies.

Today critical levels to watch:

Support: 1.2500, 1.2300

Resistance: 1.2600, 1.2700, 1.2900, 1.3000