EUR/JPY

EUR/JPY shows a bearish sentiment today after three days of bullish closes. The pair currently move below the previous day’s low and will attempt to close the day as a bearish engulfing pattern. If the pair could reverse the bearish pressure then traders will expect the bullish scenario toward 125.00 and 127.00 to happen.

Today critical levels to watch:

Support: 123.30, 121.50, 120.30, 120.00

Resistance: 125.00, 127.00

EUR/GBP

EUR/GBP is limited below the 0.8920 level and might continue its bearish trend. Traders who have short positions will continue to hold the positions with the expectation that further lower low printed. However, if the pair could print higher high above 0.8950 then traders will prepare to scale out of short positions.

today critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8920, 0.9000

GBP/JPY

GBP/JPY bullish movement has reached the level near 140.00 and currently testing it. The pair showed a bearish reaction today but no lower low printed. We expect the pair to consolidate near 140.00 while building more bullish pressure to breakout above it.

Traders who want to enter short positions might want to place a tight stop above the previous swing high above 140.00.

Today Critical level to watch:

Support: 137.75, 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF movement is to the upside but at the current time, the pair is limited below the horizontal line. As long as the pair stays below the resistance level, it might start to move lower again to retest 1.2000. We still think the pair will breakout and target the 1.2300 resistance level next.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750

Resistance: 1.2300