EUR/JPY

The bear managed to push EUR/JPY lower yesterday and made a close below 120.00. Once again the pair bullish scenario will come under challenge. Today, there is a bullish attempt toward 120.00 but the pair showing possible rejection. If the pair could make another bearish close below the previous day low then EUR/JPY set to continue its bearish trend.

Today critical levels to watch:

Support: 119.20

Resistance: 120.00, 120.30, 121.50

EUR/GBP

It is the time for further consolidation inside the 0.8700 – 0.8750 range. No breakout yet which means it is better to stay sideline or applying bearish strategy until breakout happens. Under the current situation, it seems a bullish breakout scenario is favorable compared to the bearish scenario.

today critical levels to watch:

Support: 0.8700, 0.8600, 0.8500

Resistance: 0.8750

GBP/JPY

GBP/JPY made bearish close yesterday but no follow-through yet in today’s trading session. The pair expected to continue its bearish movement and reach 135.00 – 136.00 support area. It is better to continue to hold short positions for now.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00

GBP/CHF

No change to the situation of GBP/CHF which is expected to continue lower and target 1.2000 support level. The pair currently attempting to break two days low to continue its downward movement. Holding short positions is the best idea to apply for now.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500