EUR/JPY

EUR/JPY has reached the 125.00 resistance, will the pair continue upward toward 127.00 without any bearish correction? Traders will monitor the pair reaction near 125.00. If the pair make the bearish correction then 123.30 will become the level to look for long positions.

Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00

EUR/GBP

0.9000 holding out against bearish pressure and EUR/GBP maintained the close near the level. There is bounce indication today, however, the bear seems in control and pushed the pair down below the previous day high. If the pair settled inside the previous day range then EUR/GBP might attempt to continue lower below 0.9000.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

140.00 in GBP/JPY is the bullish target and there is no change to the bullish situation in the pair yet. Traders who have long positions could continue holding the positions for now. A bearish close below Monday low might become the trigger for a correction toward 135.00 – 136.00 if it happens.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00

GBP/CHF

It seems 1.2000 is the major resistance level which will hinder the pair from moving upward. There is strong bearish pressure today which brought the pair down to reach the level near 1.1870. Fortunately, the pair could bounce and currently trade above previous day low.

If the pair could maintain the positions near the current level until the close of the trading day then GBP/CHF might start moving higher to retest 1.2000 again.

Today critical levels to watch:

Support: 1.1867, 1.1750, 1.1730

Resistance: 1.2000