EUR/JPY

EUR/JPY extended its bearish movement yesterday and printed another bearish close. The pair expected to continue its downward movement and target the 123.30 support level. Traders who have short positions from the 125.00 resistance level could continue to hold the positions until a major bullish close happens.

Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00, 127.00

EUR/GBP

EUR/GBP pushed lower yesterday but managed to bounce and made a bullish close. The pair followed-through by moving above the previous day high. We could see a bearish trendline on the daily chart where the pair might bounce lower from it. If a bullish breakout happens then traders will expect the pair to test the green box area.

today critical levels to watch:

Support: 0.9000

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY sharply lower yesterday and closed near the 136.00 support level. The pair seems will test the 135.00 – 136.00 support area and looking for the chance to bounce from it. If a bullish bounce happens then GBP/JPY could continue its current bullish trend.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF made a bearish engulfing close yesterday from the 1.1870 resistance level. We might have a bearish pattern but it is insignificant compared to the consolidation which started since the beginning of the month. GBP/CHF might continue its consolidation near the 1.1870 for now.

Today critical levels to watch:

Support: 1.1750

Resistance: 1.1870, 1.2000