EUR/JPY

EUR/JPY bearish pressure has not receded yet. The pair is getting near the 134.50 – 135.00 support area where it might stall and bounce. Traders will observe the reaction near the support area. If the pair make a bounce then 137.40 might become the place to look for a lower high to confirm bearish continuation.

Today’s critical levels to watch:

Support: 135.00, 134.50

Resistance: 137.40, 140.50, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP broke and close below 0.8400 which confirmed a bearish continuation. The pair make a bullish attempt today but experience rejection from the 0.8400 level. On the lower side, the pair might continue the bearish movement to target the 0.8325 support level. Traders will avoid taking long positions and wait for a chance to enter short positions near the resistance level.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8580

GBP/JPY

GBP/JPY extended the bearish movement after yesterday’s breakout from the triangle area. The pair will target the 161.00 support level and attempt to close below it. If a bearish close below 161.00 happens, traders will prepare for a bearish continuation to target the 156.58 – 158.15 area.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF outlook is sideway near the 1.1600 support level. The pair might be under bearish pressure but no significant lower low printed. Traders will continue waiting patiently for further reactions from the level. On the upside, the pair needs to close above 1.1750 to reverse the current bearish trend.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.1750, 1.2000, 1.2125