EUR/JPY

EUR/JPY bullish pressure reached 117.80 resistance yesterday. The bullish momentum seems to take a pause today as the pair keep testing the 117.80 resistance level. Without a close above 117.80, EUR/JPY might reverse its direction and start moving lower.

Today critical levels to watch:

Support: 116.30, 116.00,

Resistance: 117.80, 119.20, 120.00

EUR/GBP

EUR/GBP hovering above 0.8920 and pause before it continues upward to target 0.9000. The pair expected to continue its bullish trend and surpass 0.9000. Traders suggested avoiding short positions at the current time until there is a major bearish reaction happen.

today critical levels to watch:

Support: 0.8920, 0.8862, 0.8750

Resistance: 0.9000

GBP/JPY

GBP/JPY has returned to the 132.50 – 133.00 area which expected to limit the upward movement of the pair. No bearish reaction from the area yet. If the pair could breakout above the resistance area then traders will expect GBP/JPY to continue upward and target 135.00 – 136.00.

Today Critical level to watch:

Support: 130.00, 128.20

Resistance: 132.50, 133.00, 134.50

GBP/CHF

The overall trend of GBP/CHF is bearish, the pair show bearish rejection from the 1.1870 level today. If the pair close below the previous day low then it is expected to resume the long-term bearish trend.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000