EUR/JPY

EUR/JPY bounces from the 125.00 support level but immediately reversed with a bearish close yesterday. The pair seems will continue trading near 125.00 for now. As long as there is no breakout and close below 125.00 then the pair might bounce and target 127.00 once again.

However, if a bearish breakout happens then EUR/JPY will continue lower to target the bottom of the orange box.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00, 128.00

EUR/GBP

EUR/GBP printed lower low below 0.8860 and under bearish pressure. The pair seems to breakout below the major support level and set to continue its bearish trend. Traders better avoid long positions for now and wait until the pair could return above 0.8860.

today critical levels to watch:

Support: 0.8860

Resistance: 0.8920, 0.9000

GBP/JPY

GBP/JPY printed a higher high yesterday but reversed its direction near the 142.50 resistance level. At the end of the day, the pair closed lower and printed a bearish pin bar pattern. Despite the bearish pattern, the pair currently attempting to move upward and retest 142.50.

As long as the pair trading inside 140.00 – 142.50, traders will expect further ranging movement.

Today Critical level to watch:

Support: 140.00, 137.75

Resistance: 142.50, 145.00

GBP/CHF

GBP/CHF tested the top trendline and closed near it. The pair make a bullish follow-through today and breakout above the trendline. Will the pair close above the trendline or previous day high to confirm the breakout? Alternatively, will it return below the trendline and continue the consolidation?

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750, 1.1600

Resistance: 1.2200, 1.2300