EUR/JPY

EUR/JPY bullish engulfing pattern has not confirmed yet. The pair currently traded inside the candlestick range and waiting for a trigger for next direction. On the upside, the trendline continues limiting the pair from moving upward. As long as the pair could maintain the current level then EUR/JPY could attempt to climb above 121.50.

A closure above 121.50 will cancel the current bearish trend. On the other hand, a drop below the bullish engulfing pattern low will trigger further bearish trend.

Support: 120.00

Resistance: 121.00, 121.50, 122.00

EUR/GBP

EUR/GBP is unstoppable after the bounce from 0.8920 support level. No reason to take short positions in the pair and traders could enter long positions when bearish correction happen. The nearest level to watch is the bullish channel. On the upside 0.9300 is the medium-term target.

today critical levels to watch:

Support: 0.9000

Resistance: 0.9200, 0.9300

GBP/JPY

GBP/JPY bearish pressure mounting and the pair fell below the support trendline. At the current time, the bearish pressure has not receded and will target the 130.00 psychological number. Traders could wait until the pair losing its bearish momentum and form a bullish pattern before looking for long positions.

Today Critical level to watch:

Support: 130.00

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF could not maintain the level above 1.2300 and the pair has returned inside the bearish channel. Moreover, it almost reaches the 1.2000 support level today. If the bearish pressure recedes near 1.2000 then traders could start looking for long positions. However, short positions still the best options traders could take in the pair.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500