EUR/JPY

EUR/JPY made a bearish close yesterday and there is a bearish continuation in today’s trading session. The pair might continue the bearish movement to target the 140.50 support level. Traders will wait for the pair to reach the level and form bullish reactions for a chance to enter long positions. We still think the pair could continue the bullish movement to target the 148.50 – 151.50 resistance area in the long term.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 142.75, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP start moving upward from the 0.8750 support level. The pair is expected to continue the bullish movement toward the 0.8900 and 0.9000 resistance levels. However, without a new higher high then the bullish movement might reverse and start moving down again. A close below 0.8700 will confirm the continuation of a bearish trend. Meanwhile, a close above 0.9000 is a long-term confirmation of a bullish continuation.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY gets stuck near the 164.00 resistance level. The pair might consolidate near the level while waiting for reactions. If the pair could close above the level then there is a chance of bullish continuation. On the other hand, a bearish continuation from the current level will bring the pair down to retest the green box area.

Today’s Critical level to watch:

Support: 164.00, 161.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF loses the upward pressure and starts moving down again. The pair might reach the 1.1200 support level and test it soon. When the pair form bullish reactions from the level, traders could enter long positions. However, if a bearish breakout and a new lower low happen then traders will prepare for a long-term bearish continuation.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750