EUR/JPY

EUR/JPY experience bearish pressure and start moving lower today. The pair might retest the 140.50 support level and traders will monitor the pair’s reaction near the support level. If the pair could bounce with strong bullish momentum and form bullish patterns then traders will expect a new bullish leg to print a new higher high.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP hanging near the 0.8920 – 0.9000 area where traders awaiting reactions. If the pair could extend the bullish movement and print a close above 0.900 then the bullish trend will continue. On the other hand, if a bearish reversal happens then the pair might move lower to retest the 0.8750 support level.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY losing upward pressure and looks trading lower today. The pair might move lower to retest the 156.58 support level again. Traders will wait near the support level for reactions. As long as there is no lower low printed on the chart, there is a chance of a bullish reversal to happen.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF is mostly lower with a new lower low printed on the chart. It seems the bearish trend has been confirmed and it is better to avoid taking long positions at least until the pair return above 1.1200. Traders could use the 1.1200 level as place to enter short positions when a bearish reactions happen.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750