EUR/JPY

EUR/JPY hit the level near 133.50 resistance and produced a bearish reaction. The pair seems might start a bearish correction and target 131.50 – 132.00 area. If the pair managed to reach the support area then traders could consider entering long positions. We think the bullish trend could continue further toward the 134.50 – 135.00 area.

Today critical levels to watch:

Support: 132.00, 131.50

Resistance: 133.50

EUR/GBP

EUR/GBP on the path lower to target 0.8400 support level. There is no bearish continuation today, the pair slightly higher but moving inside the two days range. It is better to avoid long positions until there is a major bullish reaction shown on the daily chart. Traders who have short positions will continue to hold the positions for now.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580

GBP/JPY

The overall trend of GBP/JPY is bullish after the pair closed above 156.58 resistance level. There is a bearish indication today but the pair seems to maintain a level above 156.58. If the pair make a close below 156.58 then a bearish pullback toward 153.50 might happen. Long positions could be considered near 156.58 or 153.50 when the pair managed to reach it and form a bullish reaction.

Today Critical level to watch:

Support: 156.58, 153.50

Resistance: 160.00

GBP/CHF

GBP/CHF continue its upward movement and surpassed 1.2700 also previous day’s high. However, the pair is currently under pressure and testing the 1.2700 level. On the upside, the pair need a close above 1.2800 to confirm a bullish continuation. On the downside, the pair needs to close below 1.2500 to confirm bearish continuation.

Today critical levels to watch:

Support: 1.2600, 1.2500

Resistance: 1.2700, 1.2800