EUR/JPY

The pair upward movement reverses its direction today and falls below the previous day low. We have a trendline rejection or on the higher time-frame a bearish channel rejection. After the rejection, the pair might start moving lower and target 121.50. If the pair closed below 121.50 then EUR/JPY may continue its long-term bearish trend.

Today critical levels to watch:

Support: 122.00, 121.50, 120.30

Resistance: 123.00, 123.30

EUR/GBP

EUR/GBP slightly lower after the test on the red trendline. Not much change to the situation yet as there is no clue in the next direction. Traders might want to stay sideline for now. At the end of the month, the pair might move higher as there is a possibility of lower-interest-rate by BOE.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8600, 0.8750

GBP/JPY

GBP/JPY on the path higher to challenge previous swing high. The pair reacted bearishly after the test and might start moving lower in the coming days. No conclusion yet on the next direction. If the pair make higher close above the previous swing high then GBP/JPY will continue its upward movement.

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 144.33, 145.00

GBP/CHF

GBP/CHF turned upside and decided to target 1.2700 broken level first. The pair has not reached 1.2500 support level yet. Currently, we think GBP/CHF will range between 1.2500 – 1.2700 with a bearish bias.

Today critical levels to watch:

Support: 1.2500, 1.2300

Resistance: 1.2600, 1.2700, 1.2900, 1.3000