EUR/JPY

EUR/JPY rejected from the top of the weekly channel and the pair started moving lower this week. Traders could assume the pair will target the 121.50 support level and decide where it will move next. A bounce from the support level will open the chance to test the top of the channel again.

A close below 121.50 is a confirmation that EUR/JPY will continue lower and target 120.00 – 120.30

Today critical levels to watch:

Support: 122.00, 121.50, 120.30

Resistance: 123.00, 123.30

EUR/GBP

No clear sign for the pair next movement yet. EUR/GBP expected to continue its consolidation near the current level until the next momentum movement happens.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8600, 0.8750

GBP/JPY

GBP/JPY making consolidation near the trendline and show no major indication yet for the next direction. The pair currently bounce from the trendline and looking to add gain. No clue yet on the next direction, traders might want to stay sideline for now.

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 144.33, 145.00

GBP/CHF

GBP/CHF slightly higher without touching the 1.2500 support level. Today movement has ample bullish momentum and might continue tomorrow to reach 1.2700 resistance. Traders could observe the reaction at the resistance level and look for short positions when there are bearish reactions.

Today critical levels to watch:

Support: 1.2600, 1.2500, 1.2300

Resistance: 1.2700, 1.2900, 1.3000