EUR/JPY

EUR/JPY touchdown on the 123.30 resistance level today. The pair is testing the resistance level at the current time. If it gets rejected from the resistance level then traders will expect bearish movement toward the 121.50 support level. No reaction yet from the resistance level at the current time.

If the bullish breakout happens then June high and 125.00 will become the bullish target.

Today critical levels to watch:

Support: 121.50

Resistance: 123.30, 125.00

EUR/GBP

We have a bounce from the 0.9000 support level yesterday and there is bullish follow-through today. EUR/GBP set to continue its upward movement now to test the top trendline. If the pair could breakout and close above the trendline then traders will expect continuation toward 0.9300 as forecasted.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9300

GBP/JPY

GBP/JPY is testing the 136.00 resistance. Yesterday, there is a bullish attempt for a breakout but ended with a close below the level. Today, no indication yet where the pair will move next. If the pair get rejected from the resistance level then we will expect correction toward 135.00.

Another close below 135.00 might trigger the bearish movement toward 132.50 – 133.00.

Today Critical level to watch:

Support: 135.00, 133.00, 132.50

Resistance: 136.00

GBP/CHF

GBP/CHF made bullish engulfing pattern on Monday trading session. Yesterday, there was bullish attempt above 1.1870. However, the bullish attempt ended with a bearish pin bar pattern close. At the current time, GBP/CHF has moved below the previous day low. If the pair could maintain the bearish pressure and confirm the pattern then we might see a bearish test on the trendline.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000