EUR/JPY

EUR/JPY made a significant bullish bounce from the 125.00 support level. The pair now trading in the middle of 125.00 – 127.00 and will attempt to move upward to retest 127.00. However, if the pair reversed and close below 125.00 then traders will prepare for bearish continuation toward 123.30 and 121.50.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00, 128.00

EUR/GBP

The ranging movement is set to continue between 0.8860 – 0.8920 for now. If the pair breakout and close below 0.8860 then the new bearish trend is set to start. On the other hand, if the pair closes above 0.8920 then it will target 0.9000 next.

today critical levels to watch:

Support: 0.8860

Resistance: 0.8920, 0.9000

GBP/JPY

GBP/JPY reversed its direction before it could reach the 140.00 support level. The pair might continue upward and retest the 142.50 resistance level. At the current time, the pair range span between 140.00 – 142.50, and a close above 142.50 will confirm the continuation of the long-term bullish trend.

Today Critical level to watch:

Support: 140.00, 137.75

Resistance: 142.50, 145.00

GBP/CHF

GBP/CHF traded near the top trendline and showed no major reaction yet. The pair keep building bullish pressure and will attempt to breakout above the trendline. If a bearish correction happens then traders could use the yellow box area and the bottom trendline to enter long positions.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750, 1.1600

Resistance: 1.2200, 1.2300