EUR/JPY

EUR/JPY bullish attempt seems resulted in another bearish reversal as the pair closed near the 128.00 support level. At the current time, the pair stick near the 128.00 support level and waiting for further development. In the long-term, we think the pair could continue its bullish trend and target the 133.50 resistance level.

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP got rejected from the 0.8580 – 0.8600 resistance area. The pair traded lower and closed near the broken trendline. At the current time, the pair stick near the trendline and will attempt to bounce from it. If the pair could bounce from the trendline then another retest on 0.8580 – 0.8600 will happen. On the other hand, breakout and close below 0.8500 will cancel the bullish outlook.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY continues to stick near the 149.20 – 150.00 support area. The pair need to bounce strongly from the support area to avoid trend change to bearish. Traders will continue waiting for a further reaction from the support area. If a close below 149.20 happens then it might be time to move out of long positions.

Today Critical level to watch:

Support: 150.00, 149.20

Resistance: 153.50, 156.58, 160.00

GBP/CHF

GBP/CHF direction is bearish but there is no bearish continuation yet on the pair. At the current time, the pair hang between 1.2000 – 1.2300. Will the pair continue lower to target 1.2000? Alternatively, will it move upward and close above 1.2300 to start a new bullish correction?

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700