EUR/JPY

EUR/JPY continue its upward movement and managed to reach 131.50 – 132.00 area. The pair then reverse its upward movement and start to move lower today. It is a normal bearish reaction and has tested the blue box area. If the pair could continue to maintain the bullish pressure and breakout above 131.50 – 132.00 then the bullish trend will continue.

Today critical levels to watch:

Support: 130.00, 128.00, 127.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP bearish trend has not stopped yet and the pair getting near the 0.8325 support level. The same as yesterday, there is no reason to become bullish yet. If traders decide to enter long positions near 0.8325 then it is a speculative position. On the upside, if the pair manage to reach 0.8400 or the top trendline then traders could consider short positions.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY extended the bullish close above 156.58 and was set to continue the upward movement. However, the pair come under pressure today and testing the 156.58 level. We think the pair could continue the bullish trend in the medium-long term. At the current time, traders will continue to observe the pair reaction. If the pair continue the bearish movement then 153.50 is the level to watch for a possible bounce.

Today Critical level to watch:

Support: 156.58, 153.50, 150.00, 149.20

Resistance: 160.00

GBP/CHF

GBP/CHF add another bullish close yesterday and the pair currently trading upward. It is soon will reach the 1.2500 resistance level and traders will wait near the resistance level for a chance to enter short positions. However, if a bullish breakout happens and the pair formed a higher swing high then the trend could change from bearish to bullish.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700