EUR/JPY

EUR/JPY bounced from the 125.00 support level and currently trades near the 127.00 level. The pair might extend the bullish movement to target 128.00. Traders will proceed with caution if taking long positions. We think another bearish attempt toward 125.00 will happen and there will be a chance to enter long positions at a better price.

Today critical levels to watch:

Support: 125.00

Resistance: 127.00, 128.00

EUR/GBP

EUR/GBP started a bullish recovery and managed to trade near the 0.8325 level. There is no change to the long-term trend of the pair yet. On the upside, the trendline will become a reference level to enter short positions. Without breakout and closing above the level, there is no reason to take long positions.

today critical levels to watch:

Support: 0.8200, 0.8120

Resistance: 0.8325

GBP/JPY

GBP/JPY stage a recovery toward the 153.50 resistance level. As mentioned in the latest analysis, traders will observe the pair reaction near the level. If the pair get rejected with strong bearish momentum then traders could enter short positions with 150.00 as the target.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF halted its drop near the previous year’s low. The pair might start moving upward and retest the 1.2300 level. If the pair get rejected from the level then traders could enter short positions with 1.2000 as a target. However, without any bearish reaction, it is better to wait near 1.2500.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700