EUR/JPY

A bounce is under progress in EUR/JPY, the pair moving away from support 121.50. If the bullish pressure continues mounting then EUR/JPY might extend its upward movement toward 123.30. At the current time, traders could watch the channel seen on the chart where the pair continuously bounced from it in the past.

Support: 121.50, 121.00, 120.00

Resistance: 122.00, 123.00, 123.30

EUR/GBP

The path is upward for EUR/GBP even though it is a slow upward movement. At the current time, the pair has printed further higher high and getting near to the top trendline. Will it breakout above the trendline? Alternatively, will it rejected from the trendline? It is better to continue observing the pair reaction for now.

today critical levels to watch:

Support: 0.8920, 0.8900

Resistance: 0.9000

GBP/JPY

A rejection from 136.00 happened today and GBP/JPY move lower previous day low. If the pair closed below the previous day low then we will have a bearish engulfing pattern. Further confirmation of the bearish engulfing pattern will trigger long-term bearish movement. Traders might better avoid long position for now until the pair could close above 136.00

Today Critical level to watch:

Support: 135.00

Resistance: 136.00, 137.40

GBP/CHF

GBP/CHF rejected from the top of its bearish channel today. The pair move lower below previous day low. Similar to the situation in the GBP/JPY, if the pair close below the previous day low then it will form a bearish engulfing pattern. We might have a confirmation for bearish continuation inside the channel today.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500