EUR/JPY

EUR/JPY was rejected from the 125.00 resistance level yesterday and printed a bearish pin bar pattern. However, the pair building more bullish pressure today and set to retest the 125.00 resistance level again. If a bullish breakout happens then 125.00 will become the flip level where traders look for long positions when retest happen.

At the current time, it is better to wait for an actual breakout or major bearish rejection to happen.

Today critical levels to watch:

Support: 123.30, 121.50, 120.30, 120.00

Resistance: 125.00, 127.00

EUR/GBP

EUR/GBP pressuring on the 0.9000 resistance level yesterday. The pair closed lower but there is another bullish attempt today. Traders will continue to monitor the pair movement inside the 0.8920 – 0.9000 area. Will the pair breakout and print a higher high to reverse the current bearish trend?

today critical levels to watch:

Support: 0.8920, 0.8750, 0.8700

Resistance: 0.9000

GBP/JPY

The consolidation near the 140.00 resistance level has not ended yet. GBP/JPY might be moving lower but the pair reverses its direction before it could reach 137.75. Similar to the previous analysis, the pair will continue its consolidation near 140.00 and looking for a breakout above the level.

Today Critical level to watch:

Support: 137.75, 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF bounced from the 1.2000 support level yesterday and made a bullish close. The pair continues moving upward initially today but it is currently trading below the opening level. We might see another retest on the 1.2000 support level. Without breakout, GBP/CHF will continue trading between 1.2000 – 1.2200.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750

Resistance: 1.2200, 1.2300