EUR/JPY

A breakout below 128.00 happened but no close below the level yet. EUR/JPY is currently under bearish pressure and trader below the level again. If the pair could recover and close above the level at the end of the day then there is a chance of bounce toward orange box area. On the other hand, if the pair continue trading lower then 127.00 is the support level to watch.

Today critical levels to watch:

Support: 127.00

Resistance: 128.00, 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP climbing upward above the 0.8500 level. The pair might extend the bullish movement and target 0.8580 – 0.8600 area. The pair needs to close above the 0.8580 – 0.8600 area to overturn the bearish trend. Without a close above the area, traders will assume the bearish trend will continue.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY bearish pressure continues to mount as the pair reaches 150.00 support level today. The 149.20 – 150.00 area is a major support level that might overturn the current bearish pressure. If there is no bullish reaction and the pair breakout below the area then GBP/JPY trend will shift to bearish.

Today Critical level to watch:

Support: 150.00, 149.20

Resistance: 153.50, 156.58, 160.00

GBP/CHF

GBP/CHF breakout below 1.2300 or outside of 1.2300 – 1.2500 area. The pair bearish trend continues and traders will continue to avoid long positions for now. The next support level is 1.2000 and it might be reached soon if there is no change in the bearish sentiment.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700