EUR/JPY

EUR/JPY printed lower close but no lower low printed on the chart yesterday. The pair currently trading below 123.30 and set to target 121.50 support level. If the pair make a bullish correction toward 123.30 then traders could consider entering short positions.

Today critical levels to watch:

Support: 121.50

Resistance: 123.30, 125.00, 127.00

EUR/GBP

EUR/GBP extended its bullish closes for the fourth day. At the current time, the pair continues its bullish pressure but no higher high printed yet. It seems the green box area supported the price and we might see EUR/GBP traded higher near 0.9300 soon.

today critical levels to watch:

Support: 0.9100, 0.9000

Resistance: 0.9300

GBP/JPY

GBP/JPY is in a freefall mode where the price made consecutive bearish closes. There is no reason to take long positions in the pair. Traders will expect the pair to continue its downward movement and reach the 132.50 support level. When the pair reach 132.50, traders could consider entering long positions on a bullish reaction with 135.00 – 136.00 as the target.

Today Critical level to watch:

Support: 132.50

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF was rejected from the 1.1750 resistance level and start another bearish leg. We expect the bearish pressure to continue to build up and target 1.1600 support level. Traders might want to avoid long positions until there is a major bullish reaction from the support level.

We think the support level might break and GBP/CHF is set to continue its bearish trend in the long-term.

Today critical levels to watch:

Support: 1.1600, 1.1500

Resistance: 1.1750, 1.1870, 1.2000