EUR/JPY

EUR/JPY drifted lower from the 127.00 resistance level. The pair showed no strong clue for the next direction. It seems the consolidation near the 127.00 resistance level will continue for now. If there is no strong bullish breakout above the level then the pair might be set for further weakness inside the orange box area.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00, 128.00

EUR/GBP

EUR/GBP fell with strong bearish momentum yesterday and closed near 0.8920. The pair’s next direction will depend on the reaction from 0.8920. If further bearish movement happens and lowe low printed below 0.8850 then traders will prepare for long-term bearish continuation.

today critical levels to watch:

Support: 0.8920, 0.8850

Resistance: 0.9000, 0.9100, 0.9300

GBP/JPY

The overall trend continues bullish as GBP/JPY getting near the next target 142.50. The bear could not push the pair back below 140.00 with strong momentum which means the trend will continue bullish. Traders who are looking for long positions will wait for a breakout above 142.50 and retest to enter. Another possible entry is near 140.00 when a bearish correction happens.

Today Critical level to watch:

Support: 140.00, 137.75

Resistance: 142.50, 145.00

GBP/CHF

GBP/CHF made a strong bullish movement, distancing itself from the 1.2000 level. The pair currently trading near the December high. If the pair could breakout above the level then traders will prepare for further upward movement toward November high and 1.2300 resistance level.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750, 1.1600

Resistance: 1.2200, 1.2300