EUR/JPY

EUR/JPY climbed above 121.50 yesterday but the pair closed lower at the end of the day. The bearish reaction followed-through by the bear today. No movement below the previous day low yet. If EUR/JPY could bounce from the 120.00 – 120.30 area again then there is a chance for the pair to move higher and test 121.50.

Today critical levels to watch:

Support: 120.30, 120.00

Resistance: 121.50, 123.30, 125.00

EUR/GBP

EUR/GBP rejected from the 0.9000 again and fell toward 0.8920. The pair show a bounce reaction from the 0.8920. At the current time, it seems the pair will continue to trade between 0.8920 – 0.9000. Traders will continue observing the pair reaction inside the area.

We still think the pair will make a bullish breakout above the 0.9000 at the end of consolidation.

today critical levels to watch:

Support: 0.8920, 0.8862, 0.8750

Resistance: 0.9000

GBP/JPY

GBP/JPY closed lower yesterday and formed a bearish pin bar pattern from 135.00 – 136.00 area. The pair could continue moving lower if the pattern confirmed to the downside. There is breakout below the previous day low but no momentum to bring the pair lower today. As long as the pattern not confirmed, there is a chance for GBP/JPY to move higher again above 135.00 – 136.00 area again.

Today Critical level to watch:

Support: 133.00, 132.50, 130.00

Resistance: 135.00, 136.00, 140.00

GBP/CHF

The consolidation between 1.1870 – 1.2000 seems will continue in GBP/CHF. The pair formed a bearish pin bar pattern after the test on 1.2000. Today, the pair move lower but no breakout below 1.1870 yet. Without any breakout of the range, GBP/CHF expected to continue consolidation inside 1.1870 – 1.2000.

Today critical levels to watch:

Support: 1.1867

Resistance: 1.2000, 1.2300, 1.2500