EUR/JPY

It seems the pair failed again to breakout above 127.00 resistance level yesterday. The pair get rejected from the resistance level and fall below the previous day’s low. If the bearish pressure continues to mount then EUR/JPY is set to fall toward 125.00 support level again.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00, 128.00

EUR/GBP

EUR/GBP printed lower low on the daily chart. The pair is on track lower to target 0.8750 support level. Similar to the previous analysis, traders will wait until the pair hit a support level and produce a bullish reaction before considering long positions.

today critical levels to watch:

Support: 0.8750

Resistance: 0.8860, 0.8920, 0.9000

GBP/JPY

GBP/JPY has surpassed the 142.50 resistance level or the previous September high. The pair bullish movement set to continue toward 145.00 resistance level next. It will become a hard level to break as there is 2020’s high present there. If a bearish reaction happens near the resistance level then traders could consider short positions.

Today Critical level to watch:

Support: 142.50, 140.00, 137.75

Resistance: 145.00, 147.50

GBP/CHF

GBP/CHF made another bullish close and almost reach the 1.2300 resistance level yesterday. The pair keep building bullish pressure today but no higher high printed yet. It continues to trade near the 1.2300 resistance level and will wait for a reaction. It is better to wait for a reaction from the resistance level before placing any positions.

Today critical levels to watch:

Support: 1.2200, 1.2000

Resistance: 1.2300, 1.2500