EUR/JPY

EUR/JPY reached the blue box area target. It is up to the bull to make a bullish reaction from the area to continue the bullish trend or let the bear push the pair further lower. We think the long-term bullish trend will continue and the blue box area also the orange box area are the place to add more long positions on bullish reactions.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP got rejected from the 0.8580 – 0.8600 resistance level and trade lower today. Fortunately, the bearish pressure recedes and the pair trade back above the opening level. We might see the pair continue trading between 0.8500 – 0.8600 for now with a bullish bias.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY shows no conclusive movement at the 153.50 level yet. The pair managed to print a bullish close yesterday but it is under pressure today. Traders will continue waiting sideline for now until the pair forms momentum movement away from the 153.50 level.

Today Critical level to watch:

Support: 153.50, 150.00

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF direction is bearish and the latest bounce from 1.2300 might be a temporary reaction before further weakness. If the pair managed to reach 1.2500 then traders could consider entering a short position near the level when there is a bearish reaction. Long positions are not suggested unless the pair could close above 1.2500 with strong bullish momentum.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700