EUR/JPY

EUR/JPY ended the year with a bearish rejection from the 127.00 resistance level. The pair might continue moving lower and target the 125.00 support level. If the bearish pressure continues to mount then EUR/JPY is set to target the bottom of the orange box area at 121.50.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00

EUR/GBP

It seems EUR/GBP closed below the 0.9000 support level last year. The pair could not maintain the positions above 0.9000 and set to continue moving lower. At the current time, 0.9000 will become a resistance level traders will observe. If the pair get rejected from the 0.9000 then traders could enter short positions.

today critical levels to watch:

Support: 0.8920

Resistance: 0.9000, 0.9100, 0.9300

GBP/JPY

GBP/JPY closed above 140.00 at the end of the year. The pair continue to add more bullish pressure and set to target the 142.50 resistance level next. If the pair moves lower toward 140.00 then traders could enter long positions near the level.

Today Critical level to watch:

Support: 140.00, 137.75

Resistance: 142.50

GBP/CHF

GBP/CHF left the orange and yellow box area. The pair set to continue its bullish trend toward 1.2300. There is no higher high printed yet today. Traders will wait for the higher high and higher closing level to get a confirmation for bullish continuation. At the current time, traders who have no long positions will wait for a bearish correction before entering long positions.

Today critical levels to watch:

Support: 1.1870, 1.1750, 1.1600

Resistance: 1.2000, 1.2200, 1.2300