EUR/JPY

EUR/JPY jumped as the European stock market started a recovery movement. The pair currently testing 119.20 and might not able to close above it. We think the bearish pressure might continue for the medium-long-term. Any bullish movement is a corrective movement that could be used to look for short positions.

Today critical levels to watch:

Support: 117.80, 115.80

Resistance: 119.20, 120.00

EUR/GBP

The bullish movement of EUR/GBP continues today and the pair tested 0.8920 before turn lower. At the current time, EUR/GBP traded near its opening level. If there is no change to the current bullish pressure then traders will expect the pair to reach the 0.9000 resistance level next.

today critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8921, 0.9000

GBP/JPY

The bearish pressure on GBP/JPY subsided today and the pair slightly higher. Despite the bullish reaction, there is no movement above previous day high yet. If the pair could continue higher then traders will observe the price reaction near 135.00 – 136.00 resistance area. On the downside, 130.00 is the target level for the current bearish trend.

Today Critical level to watch:

Support: 130.00

Resistance: 135.00, 136.00

GBP/CHF

The only strategy traders could apply in GBP/CHF is waiting sideline for now as the pair pushed lower below 1.2000 yesterday. Without any bullish close on the daily chart, it is better to stick with short positions for now.

Today critical levels to watch:

Support: –

Resistance: 1.2000