EUR/JPY

EUR/JPY trading below the orange box area and might continue lower to target 128.00 and 127.00. On the long-term view, we maintain the bullish outlook on the pair. Traders will prepare near both support levels for the chance to add more long positions on bullish reactions.

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP finally made a bullish reaction from the 0.8325 support level. The bullish reaction has a chance to continue and target 0.8400 also the top trendline. No change to the long-term outlook which is bearish. Traders will prepare near 0.8400 and the top trendline for a chance to enter short positions on bearish reaction.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY pushed lower and soon will reach the 153.50 support level. If the pair bearish pressure recedes and there is a major bullish reaction from the 153.50 support level then traders could enter long positions. At the current time, traders might want to stay sidelined until bullish reaction forms.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF sharply lower from the 1.2500 resistance level. It is soon will reach the 1.2300 support level to test it. We think the pair has a chance to bounce from the 1.2300 support level as there is a higher swing high printed. If the pair bounce near 1.2300 then a higher swing low will be printed.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700