EUR/JPY

It is not easy to determine EUR/JPY next direction even though the pair seems distancing itself from 117.80. If the pair continues the downward movement then 115.80 is the target. On the other hand, if a close above 117.80 happens then EUR/JPY might target 119.20.

today critical levels to watch:

Support: 116.00, 115.80

Resistance: 117.80, 119.00, 119.20

EUR/GBP

EUR/GBP continue stick near 0.8920 resistance. No reaction yet from the resistance level and traders will continue to wait for the reaction. We expect further weakness with0.8750 as a downside target. It is possible EUR/GBP will spike toward 0.9000 to clear weak short hand.

today critical levels to watch:

Support: 0.8800, 0.8750

Resistance: 0.8900, 0.8920, 0.9000

GBP/JPY

GBP/JPY is not far from 130.00 support level and the bottom trendline. Without any change to the current outlook then GBP/JPY expected to hit both support levels soon. Long positions when there is bullish reaction might be the choice traders could take.

Today Critical level to watch:

Support: 130.00

Resistance: 132,00, 133.00, 134.00

GBP/CHF

We draw a triangle pattern on GBP/CHF and the pair looks traded inside it with 1.2300 as the cap. Traders will wait for a breakout of the triangle pattern before deciding the next direction.

Today critical levels to watch:

Support: 1.2075, 1.2000

Resistance: 1.2300, 1.2500