EUR/JPY

EUR/JPYmoving lower and sticking near the 137.40 support level now. The pair might continue consolidating near the level now. If the pair could bounce with strong bullish momentum then the bullish trend is set to continue. A close below 137.40 will trigger further weakness toward the 134.50 – 135.00 area.

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 pushed lower below the 0.8500 support level. The pair might continue trading lower to target the 0.8400 support level. The current weakness in Euro is also seen in EUR/USD pair which reach the parity level today. If there is no bullish sign then we might see a test on the 0.8400 support level soon.

Today’s critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580, 0.8600, 0.8700

GBP/JPY

GBP/JPY got rejected from the 164.00 resistance level and start moving lower again. The pair range currently spans between 161.00 – 164.00. Traders will wait for a breakout from the range to get confirmation on the next direction. We still think the pair will continue the bullish trend in the medium-long term.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF tested the 1.1750 resistance level and produce a bearish reaction. The pair currently trading lower toward the 1.1600 level. Will the pair breakout and close below 1.1600 to continue the bearish trend? Alternatively, will it continue the bullish correction toward 1.1870 and 1.2000 before resuming the bearish movement?

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.2000, 1.2125