EUR/JPY

EUR/JPY fell with strong bearish momentum yesterday and tested the 128.00 support level. A bounce happened and the pair closed near the orange box area. At the current time, the pair is building bullish pressure and testing the blue box area or 130.00 level. Will the pair reverse the current bearish pressure and start its bullish movement toward the 131.50 – 132.00 area again?

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50, 135.00

EUR/GBP

EUR/GBP bounced from the 0.8325 support level and the pair currently testing the 0.8400 and the top trendline. If the pair could breakout and close above both levels then we might have a medium-term bullish reversal. However, if the pair start moving lower again and print a lower swing low then the long-term bearish trend is set to continue.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY tested the 153.50 support level and bounce from it. No lower swing low printed which means the bullish trend has not broken yet. The pair need to build bullish pressure and breakout above the previous year’s high to continue the current bullish trend. A close below 153.50 will cancel the current bullish outlook.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF traded lower and tested the 1.2300 support level. The pair managed to bounce from the level and maintain the range between 1.2300 – 1.2500. Traders will continue to monitor the pair movement inside the range for now. We still think there is a chance for the pair to continue the bullish leg as no lower swing low printed yet.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700