EUR/JPY

EUR/JPY is on the path lower after the breakout below the 137.40 support level. The pair will target the 134.50 – 135.00 support area next. If there are no bullish reactions then we might see further weakness to target 133.50. A bounce from the 134.50 – 135.00 support area might bring the pair upward to test 140.50.

The pair need to print a new higher high to resume the bullish trend. Otherwise, the pair will continue printing lower low and lower high to target the orange box area.

Today’s critical levels to watch:

Support: 135.00, 134.50

Resistance: 137.40, 140.50, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP is mostly bearish as the pair printed a new lower low on the chart. At the current time, the pair is trading upward to retest the 0.8400 level. If a bullish breakout happens then we might see upward movement toward the 0.8500 resistance level. The pair might print a lower high near 0.8500 and resume the bearish movement.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8580

GBP/JPY

GBP/JPY broke below the triangle area which means the short-term trend is bearish. The nearest support level is 161.00 where we expect a bullish bounce to happen. If the pair make a bearish close below 161.00 then traders will stay out of long positions until it reclaims the level.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF trend is bearish but the pair has yet to resume the bearish movement below the 1.1600 support level. Last week, the pair was mostly sideways near the level and we might see more ranging movement this week. On the upside, a close above 1.1750 will trigger a bullish scenario to target 1.1870 and 1.2000.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.1750, 1.2000, 1.2125