EUR/JPY

EUR/JPY bullish trend expected to continue. We have drawn a bullish channel where the price might continue its bullish movement. At the current time, 133.50 is the nearest resistance level to watch. If the level is broken to the upside then the pair could continue moving toward 134.50 – 135.00. On the other hand, if bearish rejection happens then 131.50 – 132.00 is the area to watch for a bounce.

Today critical levels to watch:

Support: 132.00, 131.50, 130.00

Resistance: 133.50, 135.00

EUR/GBP

EUR/GBP continues to stick near 0.8600 as the pair continue making flat closing candlesticks. No clue yet on the next direction, traders will continue waiting for a further reaction from the level. We might see a major movement at the end of the current consolidation.

today critical levels to watch:

Support: 0.8600, 0.8500, 0.8400

Resistance: 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY continue making neutral close or doji candlestick close. The pair is trading at the middle of 153.50 – 156.58 and expected to trade sideways for now. Not much to expect yet, traders who have long positions could continue to hold the positions while moving stop below the previous swing low.

Today Critical level to watch:

Support: 153.50, 152.00

Resistance: 156.58

GBP/CHF

GBP/CHF broke below 1.2700 support level and printed a lower low. However, the pair could recover part of its losses and closed not far from 1.2700. At the current time, the pair trading bullishly and above 1.2700. It seems the pair will continue to consolidate near the level for now. We expect the consolidation between 1.2700 – 1.2800 to continue and traders will wait for a strong breakout from the area before placing positions.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2800, 1.2900