EUR/JPY

EUR/JPY managed to break out above the blue box area today but the bullish movement reversed immediately. The pair currently trading below the opening level and pressuring the bottom of the blue box area. As long as there is no close below the area then the pair will continue its consolidation inside it.

If there is a bearish follow-through in EUR/JPY then traders will prepare for a pullback toward 128.00 and 127.00.

Today critical levels to watch:

Support: 128.00, 127.00, 125.00

Resistance: 130.00, 131.50, 132.00

EUR/GBP

The rejection from 0.8700 brought the pair lower to close near 0.8600 yesterday. Today, the pair maintain the position above 0.8600 and look to bounce from it. If the pair could continue to hold the positions above 0.8600 then we might see a bullish continuation to retest the 0.8700 – 0.8750 area.

today critical levels to watch:

Support: 0.8600, 0.8500, 0.8400

Resistance: 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY lost its bullish movement and currently trading lower. The pair might continue moving lower and test the 150.00 support level again. As long as the pair could maintain the positions above 150.00 then there is a chance for bullish continuation to test 153.50.

Today Critical level to watch:

Support: 150.00, 147.50, 145.00

Resistance: 152.00, 153.50, 156.58

GBP/CHF

GBP/CHF stopped at the 1.2800 resistance level and the pair looks initiating a bearish reaction. No major bearish reaction yet which means the pair could continue testing the 1.2800 and looking for a breakout above it. At the current time, traders who have entered long positions near 1.2700 will continue to hold the positions for now.

Today critical levels to watch:

Support: 1.2700, 1.2500, 1.2300

Resistance: 1.2800, 1.2900