EUR/JPY

EUR/JPY finally reached the 123.30 support level today. If a bullish reaction will happen then it should happen at the current level. Traders will wait for bullish reaction and jump in long positions. However, without bullish reaction, EUR/JPY could continue lower and resume its bearish movement to target 121.50.

Today critical levels to watch:

Support: 123.30, 121.50, 120.30, 120.00

Resistance: 125.00, 127.00

EUR/GBP

EUR/GBP could not lift itself further higher to test the 0.9000. The high gets lower and the we might see another lower low printed. If a lower low printed on the chart then it is better to avoid long positions. At the current time, 0.8920 is the nearest support levels.

today critical levels to watch:

Support: 0.8920, 0.8750, 0.8700

Resistance: 0.9000

GBP/JPY

GBP/JPY made another neutral close near the 137.75. No conclusion yet on the pair next direction, the consolidation expected to continue for now. The chance for bullish bounce is high but the bear might be able to seize the control and bring the pair lower again.

Today Critical level to watch:

Support: 137.75, 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF bounced from the 1.2000 support level and currently getting near the previous week bearish candlestick high. Without strong bullish momentum to breakout above the pattern high, GBP/CHF might reverse and start another bearish leg.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750

Resistance: 1.2300