EUR/JPY

EUR/JPY halt its drop and hover above the 128.00 support level. The long-term situation continues to be bullish but if the pair managed to reach 128.00 or 127.00 then traders could consider entering more long positions. We think the pair will settle near the current level at the end of the week and continue the consolidation next week.

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP stick near the 0.8325 support level for now.  The pair is at risk of further weakness below the support level. Nevertheless, traders will continue to stick with short positions and add more short positions when the pair make a bullish correction toward the nearest resistance level.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY bounced from the 153.50 support level. The pair continue printing new higher high but no strong bullish momentum is seen. Will the pair continue the bullish movement and target the level above 156.58 resistance level? As long as the pair stays above 153.50 then traders could expect another upward attempt.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF upward movement slowed near the 1.2500 resistance level. The pair currently moving inside the 1.2300 – 1.2500 range and will wait for a breakout. We think a bullish breakout is highly possible as the pair has formed a higher high and higher low.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700