EUR/JPY

No strong clue yet on EUR/JPY direction. The pair continues its ranging movement near the 127.00 resistance level. Without any major reaction then traders will continue waiting for now. If the pair fails to breakout and close above 127.00 then it is expected to continue the movement inside the orange box area.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00

EUR/GBP

The green box area is not an easy area to overcome by the bull. Yesterday, the bull attempted to breakout above the area. At the end of the day, the pair reversed and closed the day as a bearish pin bar pattern. There is another bullish attempt today. It seems the bullish attempt will end up as a close below the area.

If the pair could not breakout above the area then traders will expect more consolidation between 0.9000 and the green box area.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY dived below 137.75 support level yesterday without any lower low printed. The pair reversed its direction and closed the day on the positive side. Today, there is another bearish attempt which limited above the 137.75 support level. GBP/JPY might consolidate inside the 137.75 – 140.00 until a major breakout happens.

Today Critical level to watch:

Support: 137.75, 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF moved with high volatility after the rejection from 1.2000. The pair tested the 1.1870 and 1.1750 but no breakout of the 1.1750 – 1.2000 area. At the current time, the pair is slightly lower below 1.1870. Traders will continue to expect the pair to trade between 1.1750 – 1.2000 for now.

Today critical levels to watch:

Support: 1.1870, 1.1750, 1.1600

Resistance: 1.2000, 1.2200, 1.2300