EUR/JPY

EUR/JPY resumes its weakness and closed below 119.20 yesterday. Under current strong bearish pressure, it seems there is no stop to the selling yet. Today, the pair has moved below the previous day low and will target the level 117.80. Traders will avoid long positions for now.

Today critical levels to watch:

Support: 117.80

Resistance: 119.20, 120.00

EUR/GBP

No bullish reaction yet in EUR/GBP, the pair extend its bearish movement below the 0.9000 support level. We think the pair might reach 0.8750 support level and holding positions near it. When the pair reaches the support level, traders could consider entering long positions.

today critical levels to watch:

Support: 0.8750

Resistance: 0.9000, 0.9300, 0.9500

GBP/JPY

GBP/JPY on the path higher near the 135.00 – 136.00. There is no major bearish reaction from the resistance area and the price currently consolidating near it. If the pair make major bearish reaction then traders could enter short positions.

Today Critical level to watch:

Support: 132.00, 130.00, 128.20

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF soon will reach the 1.2000 resistance level. There is nothing to do at the moment aside from waiting the pair to reach the resistance level. When the pair reach resistance level and formed a major bearish pattern then traders could start looking for short positions.

Today critical levels to watch:

Support: 1.1200

Resistance: 1.2000