EUR/JPY

EUR/JPY formed a bearish close yesterday after testing the multiple tops. There is no breakout above the resistance level yet and the pair is under bearish pressure now. If the pair continues moving lower then traders could wait near the 140.50 level for a chance to enter long positions when there are major bullish reactions.

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 attempting to move higher today but the pair has experienced a bearish reversal. At the current time, the pair is trading lower and testing the 0.8580 – 0.8600 area. As long as the pair continues moving upward and print higher high and higher low, there is no reason to turn bearish yet. However, a downward movement and a close below 0.8500 could change the outlook from bullish to bearish.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8500, 0.8400

Resistance: 0.8700

GBP/JPY

GBP/JPY traded lower yesterday and in today’s trading session. Despite the bearish situation, the pair expected to continue the upward movement and print a new higher high. If the pair trade lowers then traders will wait near the 164.00 support level for a chance to enter long positions on bullish reactions.

Today Critical level to watch:

Support: 165.00, 164.00, 161.00

Resistance: 170.00

GBP/CHF

GBP/CHF extends the bearish movement without trouble which means no chance for traders to add short positions. Traders could only wait for a bullish correction toward the resistance level to enter short positions. On the upside, 1.1750 and 1.2000 is the resistance level to watch for bearish reactions.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.2000, 1.2125