EUR/JPY

The pair failed the test on 120.00 – 120.30 area and closed as bearish candlestick yesterday. Today, the bear put more bearish pressure and the pair fall toward 119.20 support level. We have a major bearish pressure which suggests traders refrain from long positions. If the pair closes below 119.20 then it is better to continue short on the pair.

Today critical levels to watch:

Support: 119.20

Resistance: 120.00, 120.30, 121.50

EUR/GBP

EUR/GBP slowly move lower as Euro under pressure. The pair might continue its slow downward movement and reach 0.8325 support level. When the pair reached 0.8325 and bounce from it, traders could start looking for short positions near 0.8400.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8600, 0.8750

GBP/JPY

GBP/JPY closed higher in the previous day but the pair slightly lower today. No change to the outlook for now and the pair expected to trade near 142.50 level. Traders will continue to monitor the pair reaction at 142.50.

Today Critical level to watch:

Support: 141.00, 140.00

Resistance: 142.50, 144.33, 145.00

GBP/CHF

GBP/CHF maintains the bullish pressure but no breakout of 1.2500 – 1.2700 range yet. The pair currently will test the resistance and waiting for a reaction. Without a close outside of the range, GBP/CHF expected to continue ranging inside 1.2500 – 1.2700.

Today critical levels to watch:

Support: 1.2500, 1.2300

Resistance: 1.2600, 1.2700, 1.2900, 1.3000