EUR/JPY

EUR/JPY managed to maintain the close above 125.00 support level and currently the pair bounced from the level. On the upside, 127.00 and 128.00 are the resistances levels to watch. If both levels produce a bearish reaction then we might see a bearish continuation to target the level below 125.00.

Today critical levels to watch:

Support: 125.00

Resistance: 127.00, 128.00

EUR/GBP

EUR/GBP bounced from the level near the bottom trendline. The pair is significantly higher and currently trading at the 0.8325 level. Traders will observe the pair reaction near the 0.8325, 0.8400, and the top trendline to determine if the current bullish movement has more leg. If the pair get rejected from resistances levels then traders could consider entering short positions.

today critical levels to watch:

Support: 0.8200, 0.8120

Resistance: 0.8325

GBP/JPY

GBP/JPY extended it’s bearish close yesterday but no bearish continuation today. The pair is slightly higher though still inside yesterday’s range. If the pair make a bullish correction toward 153.50 then traders could consider entering short positions on a major bearish reaction.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF trading near the bottom of the previous year and it seems no bearish continuation today. The pair might consolidate near the level while waiting for a further clue. If the pair could start moving upward then traders will observe the pair reaction near the 1.2300 resistance level.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700