EUR/JPY

EUR/JPY resumes its weakness from the 131.50 – 132.00 area. The pair expected to target the blue box area and the orange box area. Without any major bullish bounce from the area then we might see further bearish pressure to target 128.00.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP rejected from the top trendline and 0.8600 resistance level. The pair currently start to move lower and will target the bottom trendline and 0.8500 support level. There is no bullish indication, traders will wait until the pair reach support level and watch reaction before entering any positions.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8600, 0.8700, 0.8750, 0.8860

GBP/JPY

The consolidation near the 153.50 level has not finished yet. GBP/JPY continues trading up and down near the level without a clue on the next direction. We expect the pair could continue its bullish trend and test 156.58. However, if the pair start a bearish correction then the 150.00 support level is the target.

Today Critical level to watch:

Support: 153.50, 152.00, 150.00

Resistance: 156.58

GBP/CHF

GBP/CHF has not left the 1.2700 – 1.2800 area yet. Similar to the previous day analysis, traders will wait for a breakout and close outside of the range. We still expect the pair to make a bullish breakout and continue its previous upswing movement.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2800, 1.2900