EUR/JPY

EUR/JPY looks traded inside a triangle range with 117.80 as the middle point. The pair might continue to stick near 117.80 while waiting for the next direction. Traders could use the mid-point as the level to take positions for now.

Today critical levels to watch:

Support: 117.80, 115.80

Resistance: 119.20, 120.00, 120.30

EUR/GBP

EUR/GBP halted its upward movement and close near 0.9300. The pair started moving lower in today’s trading session and might target 0.9000. No conclusion yet if there is a change in the medium-long-term direction. Traders could prepare near 0.8900 – 0.9000 for long positions when the bearish pressure recedes.

today critical levels to watch:

Support: 0.9000, 0.8921

Resistance: 0.9300, 0.9500

GBP/JPY

The time for a bullish correction finally happens as GBP/JPY climb above 130.00. If the pair could maintain the bullish pressure and distance itself from the 130.00 level then we have a confirmed bullish correction.

Today Critical level to watch:

Support: 128.20, 125.00

Resistance: 130.00

GBP/CHF

Similar to the situation in GBP/JPY. It looks like GBP/CHF set for bullish correction as the pair bounced from 1.1200. At the current time, the pair traded at 1.1587 and set to target 1.2000. Traders who trade short-term could enter long positions. In the long-term view, 1.2000 might become a major resistance where traders could place short positions.

Today critical levels to watch:

Support: 1.1200

Resistance: 1.2000