EUR/JPY

There is bearish pressure on EUR/JPY today which brings the pair down below the 140.50 support level. However, the pair slowly recovering and might close the day near the 140.50 level. It means no major breakout and is close to the level yet. Next week, traders will focus on the U.S. inflation data which will influence EUR/JPY movement. No change to the situation, if the pair could continue moving upward and print a new higher high then it could continue upward to target the 148.50 – 151.50 area. On the other hand, further weakness below 140.50 and a new lower low will confirm a long-term bearish continuation.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP pushed lower today but the pair slowly recovered toward the opening level. We might see the pair continue moving lower but it might turn upward at the end of next week. On the upside, a close above 0.9000 will confirm a bullish continuation. Meanwhile, a new lower low below 0.8750 will confirm a bearish continuation.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY is moving lower with strong bearish momentum today but it manages to return above yesterday’s low. The pair might continue trading near the 160.00 level and traders will observe the pair’s reactions. If the pair resume the bearish movement then it will target the 150.00 level. On the upside, a close above 164.00 will cancel all bearish outlooks for the medium-term.

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 trading near the 1.1200 level and showing a bearish reaction today. The pair has printed a new lower low in the previous bearish attempt which mean the odds is higher for bearish continuation. However, if the pair make a close above 1.1200 then there is chance of upward movement to test previous swing high.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750