EUR/JPY

A major change happened in EUR/JPY again after Russia invaded Ukraine today. The pair fall with strong bearish momentum below the orange box area and currently trading at the 128.00 level. If the bearish pressure continues to build up then we might see further weakness to test 127.00.

Under the current situation, long positions are highly speculative and traders might want to stay sideline for now.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50, 135.00

EUR/GBP

EUR/GBP continues to maintain the level above 0.8325 support level which means the consolidation will continue for now. Traders will continue waiting for further confirmation. Will the pair breakout lower and continue the bearish trend? Alternatively, will a bounce and close above the trendline happen?

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY falls sharply toward the 153.50 support level. There is no lower low printed on the chart yet but if the pair continues moving lower and print a lower low below 153.50 then the bearish trend will continue. At the current time, traders will observe the reaction from the 153.50 support level.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF is on the path lower and broke the trendline today. The pair might continue lower to test the 1.2300 support level. As long as there is no lower swing low printed below the level, there is a chance for the pair to bounce and resume the current bullish trend. Traders might want to wait for the closing level of each day to get confirmation on the direction.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700