EUR/JPY

EUR/JPY dropped sharply yesterday as fear clouded the market. However, the bearish pressure has no follow-through today and the pair recovered all of its losses. However, there is no clue in the next direction yet as the pair get rejected from 119.20 and currently traded inside the previous day range.

If the pair could not make bullish close above 119.20 then it might be in-risk of further weakness.

Today critical levels to watch:

Support: 117.80, 115.80

Resistance: 119.20, 120.00

EUR/GBP

EUR/GBP building up bullish pressure and secured a close inside 0.8700 – 0.8750 range. The pair currently consolidate inside the range and expected to continue with a bullish bias.

today critical levels to watch:

Support: 0.8700, 0.8600, 0.8500

Resistance: 0.8750

GBP/JPY

GBP/JPY plunge below 135.00 yesterday but the pair immediately stage a bullish movement and currently traded near 136.00. If the pair could close above the previous day high then we have a fake bearish breakout. If a fake bearish breakout formed then GBP/JPY should start moving higher in a few days.

Today Critical level to watch:

Support: 135.00, 130.00

Resistance: 136.00

GBP/CHF

The direction continues bearish for GBP/CHF with 1.2000 as a target level. No-touch on the support level yet for now. Despite the bearish situation, traders better take short positions when there is bullish correction only.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500