EUR/JPY

EUR/JPY slowly move lower after the touch on 125.00 resistance level. The pair move below the previous day low but currently has traded back above it. At the current time, EUR/JPY is in consolidation, waiting for a further trigger to move. If the pair moves higher then it might breakout above 125.00 this time. On the other hand, if the pair continues its downward movement then traders could use 123.30 as a level to look for long positions.

Today critical levels to watch:

Support: 123.30, 121.50, 120.30, 120.00

Resistance: 125.00, 127.00

EUR/GBP

EUR/GBP made a bullish close yesterday despite the strong bearish pressure. There is bullish follow-through today which brings the pair higher toward the 0.9000 resistance level. Traders could use the 0.9000 resistance level as the location to look for short positions.

Only enter short positions when there is at least a bearish close from it.

today critical levels to watch:

Support: 0.8920, 0.8750, 0.8700

Resistance: 0.9000

GBP/JPY

GBP/JPY rejected from the 140.00 resistance level and the pair make further bearish movement today. We think the pair will find support near the horizontal level around October high. If the pair could bounce from the level then traders will expect further upside above 140.00

Today Critical level to watch:

Support: 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF was rejected from the trendline resistance and started a bearish correction. The pair has reached the horizontal line around 1.2000 and currently testing it. No reaction yet from the level. If the pair could bounce from the level then traders will expect another test on the trendline.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750

Resistance: 1.2300