EUR/JPY

EUR/JPY bounced from the 140.50 support level with strong bullish momentum. The pair make another attempt to continue moving upward today but lost the upward pressure. The pair currently trading near the opening level and might close flat. Traders will monitor the pair’s reaction. If the pair continues the upward movement then the bearish trend is the nearest target.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP is under bearish pressure but no decisive breakout below the 0.8580 – 0.8600 area yet. The pair might continue to stick near the area and bounce from it. If the pair manages to bounce and move upward then 0.8700 – 0.8750 will become the area to watch as the target. However, if a bearish breakout happens then we might see a continuation toward 0.8400.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY managed to bounce from the 164.00 level which means the range between 164.00 – 168.50 was maintained. The pair might continue consolidating inside the range and traders will wait for a breakout and close outside of the range to confirm the next direction. No conclusion yet on the pair’s next long-term direction.

Today Critical level to watch:

Support: 164.00, 161.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF trading near the 1.1530 – 1.1600 area and not showing any major reactions. The pair might continue consolidating near the area and breakout above it. However, traders will continue waiting for further reactions. If the pair get rejected with strong bearish reactions then we will see another bearish attempt on 1.1200.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750