EUR/JPY

EUR/JPY printed a bearish close yesterday which might indicate the start of a bearish correction. However, there is no bearish follow-through today. The pair trading upward instead which means traders will continue to avoid short positions. If the pair make a bearish correction then it could target the 134.50 – 135.00, 133.50, and 131.50 – 132.00 area.

Today’s critical levels to watch:

Support: 135.00, 134.50, 133.50, 132.00, 131.50

Resistance: 137.00

EUR/GBP

EUR/GBP made another bearish close but managed to maintain the position near 0.8325. The pair will continue trading near the level while waiting for further reaction. If the pair could bounce from the level and close above 0.8400 then the bullish trend is set to continue. On the other hand, a bearish close below 0.8325 is a major bearish confirmation.

Today’s critical levels to watch:

Support: 0.8325, 0.8100

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY made a weak bearish close yesterday. There is no bearish follow-through today, the pair moving upward instead. It means no change to the current bullish outlook and traders will continue to avoid short positions. If the pair make a bearish correction toward 158.15 or 156.58 then traders could use the chance to enter long positions.

Today Critical level to watch:

Support: 158.15, 156.58

Resistance: 160.00

GBP/CHF

GBP/CHF situation is bearish and there is bearish movement below yesterday’s low today. Despite the bearish pressure, the pair seems managed to avoid lower swing low printed. Traders will continue waiting sideline, monitoring the pair’s reaction. If the pair turn lower and print a lower swing low then the bearish trend is set to continue.

Today’s critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700