EUR/JPY

No sign of bullish reaction yet in EUR/JPY as the pair fell below 119.20. The pair might continue its bearish direction and target 117.80. Traders could use 119.20 as the level to take short positions with a stop above 120.30. Be careful though as it is a short-term position and shorting the bottom. 120.00 – 120.30 is a better area to look for short positions.

Today critical levels to watch:

Support: 117.80

Resistance: 119.20, 120.00, 120.30

EUR/GBP

EUR/GBP extended its bearish close to fifth days and below 0.8325. We think the bearish movement will continue and EUR/GBP will target 0.8120. Traders who want to take short positions might want to wait until EUR/GBP corrected higher and test 0.8400.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8600

GBP/JPY

GBP/JPY looks trade between two horizontal lines between 141.25 – 143.25. The pair has been ranging for almost 1 month. At the current time, the pair is testing the top of the range and looking for a breakout. We think the ranging movement will continue and traders could use 142.50 as a major level to watch.

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 144.33, 145.00

GBP/CHF

The breakout above 1.2700 has happened and GBP/CHF attempting to add more gains. On the upside, 1.2900 is the level to watch as target. If the pair corrected lower then traders could watch 1.2700 as the level to take long positions.

Today critical levels to watch:

Support: 1.2700, 1.2500, 1.2300

Resistance: 1.2900, 1.3000