EUR/JPY

EUR/JPY has not produced a bullish reaction inside the boxes area. The pair made another bearish close and got near the bottom of the orange box area. As long as there is no breakout below the area, the pair might consolidate and wait for a breakout.

Traders could use the bottom of the orange box area for a chance to enter long positions with a tight stop.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP return to the 0.8400 support level after the rejection from 0.8580 – 0.8600 area. The pair keep printing lower swing high and lower swing low. If another lower swing low is printed then the long-term bearish trend will continue. On the upside, 0.8500 is the level to look for short positions next.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY made a bullish reversal from the 153.50 support level. Despite the bearish closes below the level, the pair managed to stage a rally. If the bullish pressure is maintained then the pair could continue moving upward and target the 156.58 resistance level.

Today Critical level to watch:

Support: 150.00

Resistance: 153.50, 156.58, 160.00

GBP/CHF

GBP/CHF made a bullish close near the 1.2500 resistance level. The pair currently testing the level and looking for a breakout. The resistance level is a good place to enter short positions but traders might need to wait until a bearish reversal pattern forms.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700