EUR/JPY

EUR/JPY gain more bearish momentum after the rejection from the trendline. It is hard to determine where the bottom now and it is better to stay sideline for now. Traders who are looking for long positions need to wait until EUR/JPY formed a bullish candlestick before entering positions.

Support: –

Resistance: 120.00, 121.00

EUR/GBP

EUR/GBP bounced from the top of the channel and continue upward today. The pair has the potential to move further upside and target 0.9300. If it makes a bearish correction then traders could look for long positions at the top of bottom of the channel.

today critical levels to watch:

Support: 0.9000, 0.8920, 0.8900

Resistance: 0.9200, 0.9300

GBP/JPY

The bottom is not seen yet on GBP/JPY daily chart. The pair cross below 130.00 support level today and looks will close the day below it. Holding short positions is the best idea to do at the moment. Long positions are not suggested until the pair could print a bullish candlestick.

Today Critical level to watch:

Support: –

Resistance: 130.00, 132,00

GBP/CHF

GBP/CHF finally breakout below 1.2000 support level and the bottom of the channel. Similar to GBP/JPY situation, the pair still has more room downside. Traders might want to avoid taking long positions until the bullish reversal pattern formed on the chart. Short positions need to wait until the pair retrace upward to the nearest resistance and form a bearish pattern.

Today critical levels to watch:

Support: –

Resistance: 1.2000, 1.2300