EUR/JPY

EUR/JPY pushed lower and closed below the 128.00 support level. The pair make another bearish attempt today but the bearish pressure seems to recede now. The pair currently trading near the opening level and will attempt to close the day above 128.00. Traders will continue to monitor the pair reaction between 127.00 – 128.00 for a chance to enter long positions.

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50, 135.00

EUR/GBP

EUR/GBP continues to maintain the position above the 0.8325 without new lower swing low printed. The pair consolidates between the 0.8235 and the trendline for now. Traders will wait for a breakout from the range to get confirmation on the pair’s next direction. On the bigger outlook, as long as the pair stays below the trendline, the trend will continue to bearish.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY closed below 153.50 and printed a lower swing low. The situation is not good for long positions. If there is a bearish continuation before the end of the week then the pair is set to move lower to target 150.00. On the other hand, if the pair could close above 153.50 with strong bullish momentum at the end of the week then traders will prepare for a bullish bounce next week.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF broke below the 1.2300 support level and printed a lower swing low. The pair bearish trend is set to continue now with 1.2000 as a bearish target. To cancel the current bearish outlook, the pair need to climb and close above 1.2300 before the weekly close.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700