EUR/JPY

EUR/JPY on the path lower without much change in the direction. The pair might reach the 116.30 support level soon. However, it might not happen at the end of this week. Traders will expect further weakness in the coming week.

It is better to avoid taking short positions at the current time as it is shorting the support level.

Today critical levels to watch:

Support: 116.30, 115.80

Resistance: 117.80, 119.20, 120.00

EUR/GBP

Despite the weakness in EUR/GBP, the winner has not been determined yet between the bull and the bear. At the current time, the pair is trading near 0.8700 – 0.8750 and waiting for a trigger for the next movement. We think, as long as the pair maintain the level near the support area, a bullish bounce may happen soon.

today critical levels to watch:

Support: 0.8700

Resistance: 0.8750, 0.9000, 0.9300

GBP/JPY

No major reaction near the 135.00 – 136.00 resistance area yet. GBP/JPY mostly sideline waiting for a trigger to move. The longer the pair maintain the position near the 135.00 – 136.00 area the higher the chance for a bullish breakout. At the current time, traders will let the pair to continue its consolidation near the area.

Today Critical level to watch:

Support: 134.50

Resistance: 135.00, 136.00

GBP/CHF

Nothing is interesting yet in GBP/CHF as the pair is in a consolidation period. The pair might trade near 1.2000 for now while waiting for the momentum movement. The pair may continue its bullish movement from the current level.

Today critical levels to watch:

Support: 1.2000

Resistance: –