EUR/JPY

We have three bullish closes on the EUR/JPY and the pair getting near 127.00. Without any change in the direction, EUR/JPY expected to reach the target and test it. If there is major bearish reaction after the test then traders will prepare for short positions.

Today critical levels to watch:

Support: 125.00, 123.30, 121.50

Resistance: 127.00

EUR/GBP

EUR/GBP bounced from the 0.9000 support level and halted its upward movement yesterday. The pair closed near its opening level yesterday. As long as the 0.9000 support maintained and there is no lower low printed then EUR/GBP set to continue higher.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY reached the 140.00 resistance level yesterday and there is initial bearish reaction today. The pair currently move lower but no lower low printed yet. If the pair could close below previous day low then we might see bearish correction next week.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00

GBP/CHF

GBP/CHF continues trading inside the 1.1870 – 1.2000 area. No breakout yet from the range but it seems the bear has the upper hand. The bounce from 1.1870 resulted in a close near the opening level. Today, the pair has not shown a bullish reaction. If the bear could push the pair to close below 1.1870 then traders will prepare for further bearish pressure.

Today critical levels to watch:

Support: 1.1867, 1.1750, 1.1730

Resistance: 1.2000