EUR/JPY

EUR/JPY avoided further bearish pressure below 115.80 support level. At the end of the previous day, the pair closed above 115.80 and set to consolidate between 115.80 – 116.30. Today, there is an ECB interest-rate decision. It might trigger a momentum movement in EUR/JPY.

Traders will wait for the announcement and the market reaction for now.

Today critical levels to watch:

Support: 115.80, 114.80

Resistance: 116.30, 117.80

EUR/GBP

EUR/GBP closed inside the 0.8700 – 0.8750 range and set to continue its consolidation inside the range. No breakout means traders could continue to apply ranging strategies. However, today ECB might incite major movement in EUR/GBP. Traders might want to prepare for a breakout of 0.8700 – 0.8750 range.

today critical levels to watch:

Support: 0.8700

Resistance: 0.8750, 0.9000, 0.9300

GBP/JPY

The consolidation continues near the horizontal level shown on the GBP/JPY chart. There is no major movement yet from the level. Traders will continue observing the pair reaction near the horizontal level for now.

Today Critical level to watch:

Support: 132.50, 130.00

Resistance: 133.00, 134.50, 135.00, 136.00

GBP/CHF

GBP/CHF back in neutral state after there is no bearish movement yesterday. The pair hanging near 1.2120 and seems will continue to stick near the level. ECB interest-rate decision is today, followed by BOE rate decision next week. We might see the pair hanging near 1.2120 until next week’s BOE rate decision.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2120, 1.2300