EUR/JPY

EUR/JPY bounced from the 134.50 – 135.00 area and trading up toward 137.40 resistance level. The pair seems losing bullish momentum but it might be movement before the release of U.S job data tomorrow. If the pair get rejected from the 137.40 level then the bearish movement is set to continue.

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 show a bullish reaction with strong momentum today. The movement triggered by BOE which increase interest-rate today. On the upside, 0.8500 is the target level and place where a bearish rejection might happen. Traders will monitor the pair movement between 0.8325 – 0.8400 for now.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8580

GBP/JPY

GBP/JPY moving with high volatility between the 161.00 – 164.00 range. However, the pair might favor a bearish scenario as it is currently under bearish pressure. If the pair closes below 161.00 at the end of the week then we might see a continuation to target 158.15 and lower.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF is mostly sideway near the 1.1600 support level which means traders will continue waiting for the pair to move with strong momentum. The same situation as yesterday, a close above 1.1750 will confirm the start of a new bullish leg. Meanwhile, a new lower low might confirm a bearish continuation.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.1750, 1.2000, 1.2125