EUR/JPY

EUR/JPY fell with strong momentum yesterday but managed to bounce from the 120.00 – 120.30 support area. It seems the pair might attempt to move higher again to test 121.50 resistance level soon. If breakout and close above 121.50 happen then traders will expect the pair to target 123.30 and higher.

Today critical levels to watch:

Support: 120.30, 120.00, 119.20

Resistance: 121.50, 123.30

EUR/GBP

The bearish correction in EUR/GBP has brought the pair down and getting near the 0.9000. The pair soon will test the support level and traders could prepare to enter long positions when there is a bullish reaction. We have 0.9300 as the long-term bullish target.

However, if the pair make strong bearish close below 0.9000 then traders might want to scale out of positions.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9300

GBP/JPY

GBP/JPY sets the floor at 132.50 – 133.00 and bounced from it. The pair almost reach the 135.00 – 136.00 resistance area. Will the test on the resistance area resulted in a bullish breakout? Alternatively, will the pair start moving lower again and target the 130.00 support level?

Today Critical level to watch:

Support: 133.00, 132.50, 130.00

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF bullish correction continues and soon will reach 1.1870. We have a lower low printed on the daily chart which means the trend might have turned bearish. Traders could consider entering short positions near the 1.1870 if the pair could not break out above it.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867