EUR/JPY

EUR/JPY made a bearish movement with strong momentum today and the pair moved below the 140.50 support level. If the pair could maintain the bearish pressure and add more bearish close tomorrow then the bearish trend is set to continue. On the other hand, if the pair return above 140.50 and closes the week above it then we might see a bullish reversal.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP traded upward and reached the 0.8900 resistance level. The pair might continue the bullish movement and target the 0.9000 resistance level next. If the pair could continue moving upward and close above 0.9000 then the trend will turn more bullish. Traders will continue to use each bearish correction as a chance to enter long positions.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY move lower with strong bearish momentum today. It seems the bearish trend is set to continue toward the 150.00 support level. If a new lower low is printed then it will become the confirmation of a bearish continuation. On the other hand, if the pair reverse the bearish pressure and closes above 160.00 then there is a chance of a bullish correction toward 164.00

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF reached the 1.1200 support level and currently will test it. If the pair continues moving lower and print a new lower low then the bearish trend is set to continue. If the pair could maintain the position above 1.1200 and bounce from it then there is chance of upward movement to target the 1.1530 – 1.1600 area.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750