EUR/JPY

EUR/JPY continues its bearish movement as expected and reaches the box area shown on our daily chart. There is a major bullish reaction today which might end as a bullish pin bar pattern. If the trading day closes as a bullish pin bar and there is bullish follow-through then traders will expect a bounce toward the 131.50 – 132.00 area.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP has not given up on the consolidation near the 0.8600 level. The pair continue trading back and forth the level. However, the low and high seem to get lower. If the pair could not break out above 0.8600 and close above it then we might see a bearish continuation toward 0.8500.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8600, 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY made a bearish close below 153.50 and there is a bearish continuation today. The pair printed a lower low but managed to bounce and currently trading above the opening level. A bearish correction from the level near 2017 high (156.58) might lead the pair down to test 150.00.

Traders will continue waiting sideline for now.

Today Critical level to watch:

Support: 152.00, 150.00

Resistance: 153.50, 156.58

GBP/CHF

GBP/CHF return to the 1.2700 – 1.2800 area and currently moving upward to test the top of the range. No breakout since the April test which means the pair might continue trading sideline between 1.2700 – 1.2800. However, if a bullish breakout happens then GBP/CHF will start another bullish leg toward 1.3060.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2800, 1.2900