EUR/JPY

EUR/JPY started a bearish correction toward the 140.50 support level. However, there is no bearish continuation today. Traders will continue waiting for the pair to reach the support level and form a bullish reaction before entering long positions. On the lower side, as long as the pair stay above 137.40, there is no reason to turn bearish yet.

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 bearish close yesterday but managed to close the day near the 0.8580 – 0.8600 area. There is a bearish attempt today but the bull has reversed the bearish pressure and bring the pair above the opening level. If the pair could continue to maintain the position near the 0.8580 – 0.8600 area then we might see a bullish continuation soon.

Today’s critical levels to watch:

Support: 0.8580, 0.8500, 0.8400

Resistance: 0.8600, 0.8700

GBP/JPY

GBP/JPY bearish correction has not reached the 164.00 level yet. There is no bearish movement today and the pair mostly trading sideways. Similar to the EUR/JPY situation, traders will wait for the bearish correction to reach the support level and form a bullish reaction to entering long positions.

Today Critical level to watch:

Support: 165.00, 164.00, 161.00

Resistance: 170.00

GBP/CHF

GBP/CHF printed more bearish closes and new lower lows on the chart. The bearish trend continues smoothly without any major bullish reactions. Traders will wait for a bullish correction toward 1.1870 or 1.2000 for a chance to enter short positions when there are major bearish reactions.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.2000, 1.2125