EUR/JPY

EUR/JPY printed a bearish close yesterday and the pair continue lower to test 135.00 today. No breakout below the level as the pair currently maintains the position above it. Will the pair continue lower to test the 133.50, 131.50 – 132.00 area? Traders will wait for a major bullish reaction near support levels for a chance to enter long positions.

Today’s critical levels to watch:

Support: 135.00, 134.50

Resistance: 137.00, 140.00, 140.50

EUR/GBP

EUR/GBP continues the bullish movement above the 0.8400 level and is set to target the 0.8500 resistance level. If the pair could climb and close above 0.8500 then a new higher swing high is printed and the bullish trend can continue. Without a close above 0.8500, there is a chance of bearish reversal and continuation to target the level below 0.8325.

Today’s critical levels to watch:

Support: 0.8400, 0.8325, 0.8100

Resistance: 0.8500

GBP/JPY

GBP/JPY started a bearish correction and soon will reach the 158.15 and 156.58 support levels. Traders will wait near both support levels for a chance to enter long positions when there are bullish reactions. We think the bullish trend of the pair will continue and suggest traders continue to avoid shorting the pair.

Today Critical level to watch:

Support: 160.00, 158.15, 156.58

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF is under bearish pressure near the multi-month low. The pair might have closed below the level but no major bearish continuation yet. If the pair continues moving lower then 1.2000 is the level to watch. Traders will wait for a bullish correction for a chance to enter short positions.

Today’s critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2416, 1.2500