EUR/JPY

EUR/JPY moving lower toward the 140.50 level. The pair has not printed a new higher high which means, further weakness and a new lower low will cancel the bullish trend and bring the pair into a new bearish trend. Traders will monitor the pair reaction at the 140.50 level. If the pair could bounce from the level then traders could enter long positions.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00, 134.50

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP managed to close above the 0.8700 – 0.8750 level and printed a new higher low. However, there is no major bullish movement yet from the 0.8700 – 0.8750 area. If the pair continue the bearish movement then it will target the 0.8580 – 0.8600 area. On the upside, 0.8900 – 0.9000 will become the bullish target area to watch.

Today’s critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8900, 0.9000, 0.9300

GBP/JPY

GBP/JPY is trading near the 161.00 level for now. Traders will monitor the pair’s reactions from the support level. If the pair could bounce from the support level then it will continue the ranging movement between 161.00 – 164.00. A breakout below the 161.00 level might confirm a bearish continuation.

Today Critical level to watch:

Support: 161.00, 156.58, 153.50

Resistance: 164.00

GBP/CHF

GBP/CHF bullish correction has been completed after the pair reached the 1.1200 resistance level. The pair is slightly lower after the bearish rejection and might continue the bearish trend to target 1.0500 and the parity level. Traders could enter short positions near the current level with a stop above the previous swing high.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750