EUR/JPY

EUR/JPY bounce from the 128.00 support level brought the pair to close near the orange box area. There is bullish follow-through today but no strong bullish momentum. Will the pair breakout above the boxes area and continue its bullish trend? Alternatively, will it get rejected and move lower to retest 128.00 support level again?

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP got rejected from the 0.8580 – 0.8600 area and made a bearish close yesterday. The pair might continue moving lower to test the 0.8500 support level. However, there is no bearish follow-through today and the pair is trading slightly higher.

It seems traders will continue to observe the pair movement between 0.8500 – 0.8600 for now.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600, 0.8700

GBP/JPY

GBP/JPY made a major bullish bounce from below 150.00 support level. We have drawn a bearish trendline where the pair will have resistance to continue moving upward. If the pair could breakout above the level then it is set to target the 153.50 resistance level. On the other hand, a rejection from the level could bring the pair down to retest the 149.20 – 150.00 area.

Today Critical level to watch:

Support: 150.00, 147.50, 145.00

Resistance: 152.00, 153.50, 156.58

GBP/CHF

GBP/CHF has not completed the consolidation near the 1.2700 level yet. The pair continue trading back and forth the level and might extend the consolidation. Traders will wait for a further bearish reactions from the level to confirm the bearish trend toward 1.2500. On the other hand, if the pair could climb and close above 1.2800 then the bullish trend will continue.

Today critical levels to watch:

Support: 1.2600

Resistance: 1.2700, 1.2800, 1.2900, 1.3060