EUR/JPY

EUR/JPY was rejected from the 127.00 resistance level but there is no lower low printed yet. The pair continue trading near 127.00 and waiting for further reaction. If the pair continues its downward movement then 125.00 is the nearest support level. A close below 125.00 will trigger further bearish movement toward the bottom of the orange box area.

On the other hand, if the pair could break out above 127.00 and make a strong bullish close then traders will prepare for a long-term uptrend.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00

EUR/GBP

EUR/GBP whipsawing near the 0.9000 support level. Initially, the pair closed below the support level but it managed to move upward and close above it yesterday. The pair currently might consolidate near the 0.9000 to get a further clue on the next direction. If the pair could maintain the level above 0.9000 then traders could prepare for bullish continuation.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY has broken above 140.00 and closed above it. The pair attempted to move further upward but failed. Yesterday, the pair formed a bearish engulfing close near the 140.00. There is bearish follow-through today but the pair currently trading near its opening level.

As long as the pair could return above 140.00 then traders will continue to expect the pair to continue moving upward.

Today Critical level to watch:

Support: 140.00, 137.75

Resistance: 142.50

GBP/CHF

It seems the pair could not add more gain and closed back inside the yellow box area. GBP/CHF movement might be contained inside the area for now. Traders could use the bottom of the yellow box area for a chance to enter long positions. It is better to wait for a bullish reaction before entering long positions.

Today critical levels to watch:

Support: 1.1870, 1.1750, 1.1600

Resistance: 1.2000, 1.2200, 1.2300