EUR/JPY

EUR/JPY upward movement seems losing bullish momentum and to show signs of a bearish correction. The pair could move lower and target the 133.50 and 131.50 – 132.00 areas. If the pair moves lower toward the support levels and forms a major bullish reaction then traders could enter long positions.

Today’s critical levels to watch:

Support: 135.00, 134.50, 133.50, 132.00, 131.50

Resistance: 137.00

EUR/GBP

EUR/GBP has printed a higher high and touched the 0.8500 resistance level. A bearish rejection happened and the pair currently trades lower. If the pair continues moving lower then the bullish trendline will become a support level to watch. Aside from the trendline, currently, the pair is testing the 0.8400 level where a bounce might happen.

Today’s critical levels to watch:

Support: 0.8400, 0.8325, 0.8100

Resistance: 0.8500

GBP/JPY

GBP/JPY bullish trend is expected to continue as it has broken above the previous year’s high. It could either start a bearish correction to test 158.15 and 156.58 or it could continue upward without a bearish correction. At the current time, traders who have long positions will continue to hold the positions and wait for a bearish correction to add more long positions.

Today Critical level to watch:

Support: 158.15, 156.58

Resistance: 160.00

GBP/CHF

GBP/CHF printed a new lower low but the pair lost its bearish momentum. No conclusion yet on the next movement yet. The pair need to build more bearish pressure to confirm bearish continuation. On the other hand, a major bullish bounce from the current level might form a double bottom pattern which is extremely bullish.

Today’s critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700