EUR/JPY

EUR/JPY bounced from the blue box and orange box area. The pair currently trading near the 131.50 – 132.00 area and might consolidate near it with a bullish bias for now. A new higher high has been printed and previous downward movement might have printed a higher low. If the pair continues moving lower then there is a chance a higher low could be printed near the bottom of the orange box area.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50, 135.00

EUR/GBP

EUR/GBP got rejected from the top trendline but the bearish pressure seems to recede for now. The pair might continue trading near the 0.8400 level for now. On the upside, the pair need to climb and close above the trendline to confirm further upside.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY is pressuring to the upside at the 156.58 resistance level. No higher high is printed on the chart which means the bullish trend needs more confirmation. If the pair start to move lower then it needs to break out and close below 153.50 to confirm bearish continuation.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF continue trading above the 1.2500 level and consolidate near it. The pair might continue trading sideways for now. Traders will wait for the pair to break out from the triangle formation. We think a bullish play is on the card and the pair could continue upward to target 1.2700.

Today critical levels to watch:

Support: 1.2500, 1.2300, 1.2000

Resistance: 1.2600, 1.2700