EUR/JPY

EUR/JPY losing ground after the consolidation near 133.50. The pair might be set for a bearish correction toward the 131.50 – 132.00 area. A short-term short position could be taken from the current level. However, we suggest traders stick with long positions and add more long positions near the support level.

Today critical levels to watch:

Support: 132.00, 131.50, 130.00

Resistance: 133.50, 135.00

EUR/GBP

EUR/GBP was under pressure today and formed a lower low. However, the pair’s bearish pressure recedes and currently trading near the opening level also 0.8600 level. If the pair could close the day near the level then there is a chance for a higher bounce next week.

today critical levels to watch:

Support: 0.8600, 0.8500, 0.8400

Resistance: 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY hesitate near the 156.58 resistance level. We have no expectation that the pair will move strongly to the upside as the pair has reached the level near 2017 high or the planned target. At the current time, it is the time to observe the pair reaction near the resistance level before deciding the next positions to take.

Today Critical level to watch:

Support: 153.50, 152.00

Resistance: 156.58

GBP/CHF

This week’s movement contained inside the 1.2700 – 1.2800 range. GBP/CHF trading sideways and expected to continue trading inside the range next week. Traders will wait for a breakout and close outside of the range to get a clue on the pair’s next direction.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2800, 1.2900