EUR/JPY

EUR/JPY managed to reach the 128.00 resistance level and closed above it. However, the pair closed lower below the level yesterday. At the current time, the pair is consolidating near 128.00. Will the pair break out upside and continue the bullish movement? Alternatively, will it start a new bearish leg to target the level below 125.00?

Today critical levels to watch:

Support: 127.00, 125.00

Resistance: 128.00

EUR/GBP

EUR/GBP is stuck near the 0.8400 resistance level and the upper trendline. At the current time, the pair is under bearish pressure and falls below both levels. If the pair continues to build more bearish pressure then we might see a retest on 0.8325. On the upside, the pair need to print a higher high to confirm a bullish reversal.

today critical levels to watch:

Support: 0.8325, 0.8200, 0.8120

Resistance: 0.8400

GBP/JPY

GBP/JPY moving upward and attempt to retest the 153.50 resistance level. The pair has moderate bullish pressure and soon will reach the resistance level. The next direction will depend on the reaction from the level. If the pair get rejected with strong bearish pressure then traders could enter a short position with 149.20 – 150.00 as the target.

Today Critical level to watch:

Support: 150.00, 149.20

Resistance: 153.50, 156.58, 160.00

GBP/CHF

GBP/CHF halted its drop and consolidated near the current level. There is no major movement with strong momentum yet. If the pair continues moving upward then 1.2300 is the level to watch for short positions. On the lower side, 1.2000 is the bearish target if a bearish continuation happens.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700