EUR/JPY

EUR/JPY has reached the blue box area but no bullish reaction yet from the area. At the current time, the pair is under bearish pressure and might extend the bearish movement toward the bottom of the blue box area. Nevertheless, we still think the pair will return to its bullish track and bounce from the blue box or orange box area.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP reached the 0.8580 – 0.8600 area but the pair seems to get rejected from the resistance area and might start a bearish movement to test 0.8500. The long-term trend of the pair is bearish with lower low and lower high printed on the chart. Without breakout and close above 0.8600, also higher high printed then the pair expected to continue the bearish trend.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY continues under pressure below the 153.50 level but the pair seems supported around 152.50. No confirmation yet on where the pair will move next. If the pair could reverse the bearish pressure and close above 153.50 then there is a chance for the pair to start bullish leg to target 156.58 again.

Today Critical level to watch:

Support: 150.00

Resistance: 153.50, 156.58, 160.00

GBP/CHF

GBP/CHF sticks above the 1.2300 support level and attempts to bounce from the support level. If the pair starts moving upward then traders will wait near 1.2500 for a chance to enter short positions. Long positions are not safe until the pair return above 1.2500.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700