The consolidation continues and there is bearish pressure on the pair today. Fortunately, EUR/JPY managed to bounce from 121.50 again and currently traded near its opening level. If the pair could maintain the level near its opening level then it is possible for the pair to continue upward and test the bottom of the channel or moving further upside to 123.30.
Support: 122.00, 121.50, 121.00, 120.00
Resistance: 123.00, 123.30
The direction continues upward even though there is bearish pressure seen on the pair today. If the pair could reach 0.8920 then traders could consider entering long positions with the blue trendline as an upside target.
today critical levels to watch:
Support: 0.8920, 0.8900
A bullish reversal from the level near 135.00 gain traction today and we have GBP/JPY traded near 136.00 at the current time. The pair could add more gain but might settle near 136.00 by the end of the day. It seems a bullish correction is under progress and traders could target the top trendline. Short positions near the top trendline are the option traders could take.
Today Critical level to watch:
Resistance: 136.00, 137.40
GBP/CHF attempting to move above the top of its bearish channel. Similar to the previous day analysis, wait for the reaction from the top of the channel to determine GBP/CHF next direction. Without any breakout, the pair expected to continue moving inside the channel.
Today critical levels to watch: