EUR/JPY

EUR/JPY retrace lower and closed inside the blue box area. The test on the 131.50 – 132.00 resistance area has not resulted in a bullish breakout yet. At the current time, the pair has climbed above the blue box area and will re-attempt to test the 131.50 – 132.00 area. The overall long-term trend is bullish which means a bullish breakout might eventually happen.

Today critical levels to watch:

Support: 130.00, 128.00, 127.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP continue the bearish movement today and printed another lower low. The pair tested the 0.8325 support level but no breakout yet. Currently, the pair is trading near the opening level and will attempt to bounce from it. If a bullish bounce happens then traders will wait near 0.8400 or top trendline for a chance to enter short positions.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY stick near the 156.58 level while building more bullish pressure. A higher swing high will confirm a bullish continuation. On the lower side, if the pair start another bearish correction then 153.50 is the level to watch for a bullish bounce. It is better to avoid short positions for now as a major bullish breakout could happen.

Today Critical level to watch:

Support: 156.58, 153.50, 150.00, 149.20

Resistance: 160.00

GBP/CHF

GBP/CHF broke above the 1.2500 resistance level and printed a higher swing high. It seems the bearish trend put to a halt and the pair trend might switch to bullish now. Traders will wait for a bearish correction to retest 1.2500. If the pair could maintain the position above the level then there is a chance of bullish continuation.

Today critical levels to watch:

Support: 1.2500, 1.2300, 1.2000

Resistance: 1.2600, 1.2700