EUR/JPY

EUR/JPY printed further higher high in the previous trading day. However, the pair could not maintain the bullish pressure and closed near its opening level. Today, there is another bullish pressure challenging the previous day high. If the pair could continue printing bullish close then it is set to reach 123.30 resistance level soon.

Today critical levels to watch:

Support: 121.50

Resistance: 123.30

EUR/GBP

EUR/GBP returned above 0.9000 and currently continues its upward movement. Similar to the previous analysis, we think EUR/GBP could continue its upward movement and target the 0.9300 resistance level in the medium-long-term. It is better to avoid taking short positions at the current time.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9300

GBP/JPY

GBP/JPY s close to the end of a triangle consolidation. The pair capped below the 135.00 – 136.00 resistance area and expected to consolidate near it for now. Traders will wait for a breakout from the triangle area to determine the next direction. On the upside, there is another bearish trendline to watch if the pair manage to breakout higher.

Today Critical level to watch:

Support: 133.00, 132.50

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF showed a bearish reaction from the 1.1870 resistance level. The pair fall with strong bearish momentum and might start the bearish trend. As long as lower low printed on the chart, GBP/CHF set to move lower in the bearish trend.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000