EUR/JPY

EUR/JPY fell below trendline and could not lift itself above the trendline. Today, the pair is testing the trendline. At the current time, it is better to stay sideline and wait until the pair show clue in the next direction. A close above the trendline and 121.50 will reverse the current short-term bearish trend to bullish.

Support: 120.00

Resistance: 121.00, 121.50, 122.00

EUR/GBP

The bear wins the first round by printed a close below the channel. However, the bull not ready to let go of the control to the bear and stage rally today. No clear direction yet for EUR/GBP, it could either return inside the channel or start a bearish correction toward 0.8920.

today critical levels to watch:

Support: 0.8920, 0.8900

Resistance: 0.9000

GBP/JPY

No luck yet for the bull in GBP/JPY, the pair upward attempt received another rejection from 135.00 resistance. Fortunately, the pair manage to maintain the position above the bottom trendline. If a bounce happens and the pair could close above 135.00 then we could expect GBP/JPY to continue upward to the top trendline.

Meanwhile, it is better to stay sideline as the overall trend of GBP/JPY is bearish.

Today Critical level to watch:

Support: 134.00

Resistance: 135.00, 136.00, 137.40

GBP/CHF

The pair continues its bearish movement after rejection from the top of the channel. It also fell below 1.2300 which mean it is better to avoid long positions for now. Traders who have short positions could continue holding the positions. Additional short positions are best taken when retesting on top of channel happen.

Today critical levels to watch:

Support: –

Resistance: 1.2300, 1.2500