EUR/JPY

EUR/JPY fell sharply below the 125.00 support level and continue its bearish movement to reach the 123.30 support level today. There is no bullish reaction at the current time. If the pair continues its bearish movement then we might see a breakout below 123.30. Further bearish pressure could bring the pair down toward 121.50 support level next.

Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00, 127.00

EUR/GBP

The bearish correction from the 0.9300 resistance level has started. The pair tested the previous major bullish candlestick today. No conclusion yet on the pair next direction at the current time. The pair could either test the green box area and continue its bearish movement or start moving down toward 0.9000.

Traders might want to wait for a further reaction from the current level.

today critical levels to watch:

Support: 0.9100, 0.9000

Resistance: 0.9300

GBP/JPY

GBP/JPY closed near 136.00 and has not left the 135.00 – 136.00 area. The pair expected to continue its consolidation inside the range while waiting for the trigger to move. We favor a bullish bounce from the current level. However, judging from the strength of the Japanese Yen, it might be better to wait until a major bullish pattern formed before placing long positions.

Today Critical level to watch:

Support: 135.00

Resistance: 136.00, 138.50, 140.00

GBP/CHF

GBP/CHF turned higher and closed above 1.1750. The pair opened the chance to move further higher toward 1.1870. The overall short-term trend might have turned to bullish but the long-term trend continue bearish. If the pair formed a major bearish reaction from the 1.1870 then traders could enter short positions.

Today critical levels to watch:

Support: 1.1600, 1.1500

Resistance: 1.1750, 1.1870, 1.2000