Since the previous day, EUR/JPY has not moved from 117.80 support level. Today, the price stick near the support level and provide traders with no clue in the next direction. At the current time, traders could continue to stay sideline.
Resistance: 120.00, 121.00
EUR/GBP currently testing the bottom of the channel with strong bearish momentum. Will it breakout lower? Alternatively, will it bounce and continue the ranging movement inside the channel? We think the pair has the potential to maintain its ranging trend inside the channel and traders could start looking for long positions with a tight stop below the channel.
today critical levels to watch:
Support: 0.9100, 0.9000
Resistance: 0.9200, 0.9300
130.00 is not far from the current level and GBP/JPY expected to reach it soon. The overall trend is sideway between 128.20 – 130.00 where traders could place short positions near 130.00 and ride it down toward 128.20. However, do not forget to place the stop level above 130.00 as it is possible that the trend could switch suddenly.
Today Critical level to watch:
Support: 128.20, 127.00, 125.00
Resistance: 130.00, 132,00
GBP/CHF looks will test the 1.2000 resistance soon, the pair making upward movement today and print higher high. When the pair reach top of the channel or 1.2000 traders could start looking for short positions on bearish reactions. At the current time, let the market push the price higher.
Today critical levels to watch:
Resistance: 1.2000, 1.2300