EUR/JPY

EUR/JPY made a bearish movement with strong momentum today. The pair almost reach the 137.40 support level. At the current time, the pair manage to recover part of the losses and might close the day near the opening level. Despite the situation, the pair might make another attempt toward the 137.40 level.

Traders might want to stay cautious and prepare long positions when a bullish reaction happens.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00, 134.50

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP printed a higher swing high but the pair come under pressure right now. The pair return below the 0.8580 – 0.8600 area and might test the 0.8500 level soon. It is up to the bull to maintain the current bullish trend or let it back to the bearish territory. As long as there is no lower low printed on the chart, the pair could continue the bullish movement.

Today’s critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY pushed lower and managed to reach the 161.00 support level today. The pair then stage a bullish reaction to bring the price above the opening level. If the pair could continue moving upward and close above 164.00, we will see a bullish continuation to target a new higher high.

As long as the pair stays above 156.58, there is no reason to become bearish yet.

Today Critical level to watch:

Support: 161.00, 160.00, 158.15, 156.58

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF breakout below the 1.2000 level and printed a new lower low. The pair situation is bearish but recovery has been made. The pair is trading not far from the 1.2000 breakout level. Will the pair close the day above the support level and nullify the current bearish breakout? We think traders will continue to maintain a bearish outlook as long as the pair prints new lower low and lower high.

Today’s critical levels to watch:

Support: 1.2125, 1.2000

Resistance: 1.2300