EUR/JPY

EUR/JPY maintains the position at the 134.50 – 135.00 area. The pair currently consolidating near the area and waiting for further reaction. If the pair could bounce from the area then the bullish trend is set to continue. On the other hand, if the pair trade lower toward the 133.50 or the 131.50 – 132.00 area then traders could prepare 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 shows a bounce reaction from the 0.8325 support level today. The pair avoided printing a new lower low and might attempt to bounce from the current level. If the pair could trade higher then a higher low printed on the chart. However, if the pair continues moving lower below the middle of March low then a lower low is printed on the chart and the pair might continue trading bearishly.

Today’s critical levels to watch:

Support: 0.8325, 0.8100

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY upward movement seems losing momentum and a bearish reversal might happen. Traders who have long positions will continue to hold the positions while moving stop below 156.15 or 158.15. If the pair could reach both support levels then traders could prepare for long positions.

Today Critical level to watch:

Support: 158.15, 156.58

Resistance: 160.00

GBP/CHF

GBP/CHF moving lower today with a moderate momentum. The pair need to print a lower swing low with strong bearish momentum to confirm further downside. On the upside, a movement above 1.2361 will cancel the bearish outlook as it will confirm a double bottom pattern.

If the pair continues lower then 1.2000 is the bearish target.

Today’s critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700