EUR/JPY

The downward pressure on EUR/JPY continue yesterday and the pair soon will reach 115.80 support level. No change to the analysis yet. Traders better hold short positions or waiting sideline until the pair reaches the support level. At the current time, 117.80 is the level to take short positions and 115.80 is the level to look for long positions.

Today critical levels to watch:

Support: 115.80

Resistance: 117.80, 119.20, 120.00

EUR/GBP

EUR/GBP bounce from the 0.8750 support level today as expected. No confirmation yet that the bounce will continue for medium-long-term. Traders who have long positions could continue to hold it and anticipate if there is another test on 0.8750. On the upside, 0.9000 will become the target.

today critical levels to watch:

Support: 0.8750

Resistance: 0.9000, 0.9300, 0.9500

GBP/JPY

GBP/JPY mostly sideways near the 135.00 – 136.00 resistance area. The pair might continue traded sideways with a bullish bias for now. If a bearish movement happens then traders will observe the pair reaction near 130.00 to enter long positions.

Today Critical level to watch:

Support: 132.00, 130.00, 128.20

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF closed above 1.2000 but show bearish reaction today. Currently, the pair trade below the support level and might start a bearish correction. Short positions with a stop above the previous day high might become the option, traders could take.

Today critical levels to watch:

Support: 1.1200

Resistance: 1.2000