EUR/JPY

EUR/JPY printed another bearish close which means the pair will continue moving lower to target the 135.00 level. At the current time, the pair range span between 135.00 – 137.40, and traders will wait for a breakout of the range to confirm the next direction. If the pair breakout lowers then it might target the 131.50 – 132.00 area.

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 got rejected from the 0.8500 resistance level and now moving lower to the target 0.8400 support level. The overall trend of the pair is bearish which means a bearish breakout is likely to happen. If the pair continues moving lower then it will target the 0.8325 support level to print a new lower low.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8580

GBP/JPY

GBP/JPY stick near the 161.00 support level and will attempt to breakout below it. As long as the pair stays inside the 161.00 – 164.00 area, traders will continue to apply range trading strategies. Under the current situation, traders will wait for further reactions from the 161.00 support level.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF made a bullish close yesterday which indicates a possible short-term bullish reversal. Traders will continue to avoid long positions for now and wait for the pair to reach either 1.1200 or 1.15300 for a chance to enter positions. It is safer to wait for a bullish correction to enter short positions near resistance levels.

Today’s critical levels to watch:

Support: 1.1200

Resistance: 1.1600, 1.1750