EUR/JPY

EUR/JPY set to target 116.30 support level, similar to the previous day analysis. At the current time, traders will let the pair move toward the level before deciding to enter positions. If the pair formed a major bullish reaction then it could bounce from the support level for the third time.

Today critical levels to watch:

Support: 116.30, 115.80

Resistance: 117.80, 119.20, 120.00

EUR/GBP

The consolidation between 0.8700 – 0.8750 expected to continue in EUR/GBP for now. Not much reaction from the support area. Traders will either enter long positions with a tight stop below the level or waiting sideline until bullish pattern formed.

today critical levels to watch:

Support: 0.8700

Resistance: 0.8750, 0.9000, 0.9300

GBP/JPY

GBP/JPY got rejected from the 135.00 – 136.00 resistance level with strong bearish momentum yesterday. However, the bearish close is not decisive and could reverse again. At the current time, the pair has not moved much from the opening level. If the pair could continue to maintain the positions near 135.00 – 136.00 then we might expect a bullish breakout will happen.

Today Critical level to watch:

Support: 134.50

Resistance: 135.00, 136.00

GBP/CHF

The bull might have upper hand in GBP/CHF but there is no major bullish close above 1.2000 yet. The pair currently consolidating above 1.2000 and waiting for the trigger for the next movement. If the pair retesting 1.2000, traders could consider entering long positions.

Today critical levels to watch:

Support: 1.2000

Resistance: –