EUR/JPY

EUR/JPY experience a bearish correction below the 140.50 level and currently trades near the 137.40 support level. The pair managed to hold out and bounce from the level and there is bullish follow-through today. However, the bullish movement seems losing upward pressure. Traders will continue to monitor the pair reaction near the 137.40 support level.

If the pair could continue to maintain the level above 137.40 then there is a chance of bullish continuation.

Today’s critical levels to watch:

Support: 137.40, 135.00, 134.50

Resistance: 140.50, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP could not print a higher high above 0.8700 and finally start moving lower with strong bearish momentum. The pair closed below 0.8500 and might extend the bearish movement toward 0.8400. Traders will continue to monitor the pair’s reaction near the support level. If there is a bullish reaction then there is a chance to enter long positions near the support levels.

Today’s critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580, 0.8600, 0.8700

GBP/JPY

GBP/JPY bearish correction managed to reach the 161.00 support level. The pair produce a bullish reaction near the support level and traded upward to test the 164.00 resistance level. Will the pair breakout and close above 164.00 to continue the bullish movement? Alternatively, will it resume the bearish movement and close below 161.00 to confirm further bearish continuation?

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF bounced from the 1.1600 support level and managed to reach the 1.1750 resistance level. The pair however undergo bearish rejection from the resistance level. If the bearish movement continue and we have a close below 1.1600 then the bearish trend will continue.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.2000, 1.2125