EUR/JPY

EUR/JPY greatly under pressure today and fall below 117.80. There is no bullish reaction and the pair might close below 117.80 by the end of the day. At the current time, traders might want to avoid long positions and wait for further reactions at the support level.

Support: 117.80

Resistance: 120.00, 121.00

EUR/GBP

0.9300 reached and the pair closed above the resistance level. Today, we have a bearish reaction from the resistance level and it is not out of expectation. The pair might start a bearish correction and target the top of the channel. If the pair reach the channel then traders could observe for bullish reaction to enter long positions.

today critical levels to watch:

Support: 0.9200, 0.9000

Resistance: 0.9300

GBP/JPY

No hope for a bounce to happen in GBP/JPY yet. The pair continue under pressure this week after previous week bearish close below 128.20. Without any change in the direction then GBP/JPY expected to move lower and target 125.00.

Today Critical level to watch:

Support: 127.00, 125.00

Resistance: 128.20, 130.00, 132,00

GBP/CHF

There is a bullish reaction in GBP/CHF today but with limited upside movement. The pair might trade sideline for now and waiting for a clue on the next direction. If the pair continues upward then it will test the blue channel. We expect a further bearish continuation in the pair after the channel test.

Today critical levels to watch:

Support: –

Resistance: 1.2000, 1.2300