EUR/JPY

It is becoming clear that the pair is rejected from the 127.00 resistance level and set to continue trading inside the orange box area. If the pair continues moving lower then 125.00 is the nearest support level to watch. On the long-term view, traders could assume the weakness could reach the bottom of the orange box.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00, 128.00

EUR/GBP

EUR/GBP closed lower yesterday but hold out above the 0.8850 level. The pair attempting to bounce upward today. If the pair could close above 0.8920 then we might see another bullish movement to test 0.9000. The situation is bearish for the pair but shorting at the current level is shorting the support level.

today critical levels to watch:

Support: 0.8850

Resistance: 0.8920, 0.9000, 0.9100, 0.9300

GBP/JPY

GBP/JPY fall with moderate bearish momentum today. The pair has not reached the 142.50 resistance level but we could regard the current bearish movement as rejection. If the pair continues moving lower then traders could observe the pair reaction near 140.00. Long positions could be taken when the pair supported near the level.

Today Critical level to watch:

Support: 140.00, 137.75

Resistance: 142.50, 145.00

GBP/CHF

GBP/CHF turn lower today with moderate bearish pressure. The pair currently trading near the previous day’s low. Further weakness from the current level will bring the pair down to test the 1.2000 support level. Long positions could be taken near the 1.2000 support level when there is a bullish reaction.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750, 1.1600

Resistance: 1.2200, 1.2300