EUR/JPY

EUR/JPY started a bearish correction and set to target the 140.50 support level. Traders could wait near the level for bullish confirmation before entering long positions. We think a new higher low might be printed near the level. As long as the pair continue printing higher high and higher low, there is no reason to turn bearish.

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 and there is a bearish continuation in today’s trading session. Currently, the pair falls below 0.8580 which might indicate a new bearish leg. However, the trading day has not ended yet. There is the possibility that the pair could reverse the bearish pressure and close the day above 0.8580.

If a close above 0.8580 happens then we might see a bullish bounce in the coming days.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8500, 0.8400

Resistance: 0.8700

GBP/JPY

GBP/JPY undergo a bearish correction toward the 164.00 support level. Traders will use the chance to enter long positions near the level when there are major bullish reactions from the level. No higher high was printed in the latest bullish movement. If the pair could print a higher low (expected at 164.00) then the bullish trend is set to continue.

Today Critical level to watch:

Support: 165.00, 164.00, 161.00

Resistance: 170.00

GBP/CHF

GBP/CHF closed below 1.1600 and has completed the bearish target. At the current time, the pair moves slightly higher and stick near the 1.1600 level. A bullish correction might happen if the pair could continue building more bullish pressure. On the upside, 1.1750 and 1.2000 will become the bullish target.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.2000, 1.2125