EUR/JPY

EUR/JPY closed the day near its opening level which means the pair currently in a neutral state. If the bullish movement continues then the pair will test the 127.00 resistance level. However, If the pair closes below 125.00 then we might see a bearish continuation toward the bottom of the orange box or 121.50.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00, 128.00

EUR/GBP

It is the time for bearish continuation in EUR/GBP. The pair bearish close after rejected from the 0.8920 and currently set to test previous week high. A breakout below the level will warrant further weakness to target 0.8750.

today critical levels to watch:

Support: 0.8860

Resistance: 0.8920, 0.9000

GBP/JPY

GBP/JPY pressuring the 142.50 resistance level today. The pair climb above the previous day’s high and might successfully close the day above 142.50. If a close above 142.50 happens then traders will expect a bullish continuation toward 145.00. On the other hand, if the pair get rejected with strong bearish momentum then the range between 140.00 – 142.50 will be maintained.

Today Critical level to watch:

Support: 140.00, 137.75

Resistance: 142.50, 145.00

GBP/CHF

A close above the top of the trendline has happened and the pair set to test the previous week’s high. A further bullish breakout above the previous week’s high will bring the pair higher toward the 1.2300 resistance level. Traders will continue to hold long positions for now. The only reason to get out of long positions is the pair move back below the trendline and close below it.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750, 1.1600

Resistance: 1.2200, 1.2300