EUR/JPY

EUR/JPY could not extend its bullish pressure above 120.00 – 120.30 area. The pair got rejected and closed lower yesterday. Today, there is a bullish attempt but the pair currently traded back below its opening level. If the pair could close below the previous day low then traders will expect EUR/JPY to target 115.80.

Today critical levels to watch:

Support: 117.80, 115.80

Resistance: 119.20, 120.00, 120.30

EUR/GBP

EUR/GBP direction continue bullish after the close above 0.9000. If the pair make the bearish correction then traders could enter long positions near the broken resistance level. Without any correction, it is better to wait sideline.

today critical levels to watch:

Support: 0.9000, 0.8921

Resistance: 0.9300

GBP/JPY

The pair has reached 130.00 support level and might extend its bearish movement toward 128.20. No change to the bearish direction yet. Traders will continue to expect the pair to weaken while waiting for a bullish correction to enter short positions.

Today Critical level to watch:

Support: 130.00, 128.20

Resistance: 135.00, 136.00

GBP/CHF

More bearish close seen on GBP/CHF daily chart. There is no reason to switch to the bullish side yet. Let the pair continue its downward movement until a major bullish pattern formed. Without any bullish reaction it is still safe to hold short positions.

Today critical levels to watch:

Support: –

Resistance: 1.2000