EUR/JPY

EUR/JPY made a bullish reaction near the 125.00 support level. The pair closed higher and there is bullish follow-through today. However, the pair has not surpassed the previous day high. Without a higher close on the daily chart then EUR/JPY might start moving lower again to retest 125.00.

Today critical levels to watch:

Support: 125.00, 123.30, 121.50

Resistance: 127.00

EUR/GBP

EUR/GBP made another higher high on the chart but the pair relinquish most of its gain yesterday. On the medium-long-term view, the pair expected to continue its bullish movement. At the current time, traders will wait for a bullish trigger or bearish correction toward the 0.9000.

If the pair moves lower toward 0.9000 then traders could enter long positions.

today critical levels to watch:

Support: 0.9000, 0.8920, 0.8750, 0.8700

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY made further bearish movement yesterday and almost reach 135.00 – 136.00 area. However, the pair reversed and closed the day on the positive side. We think the pair will eventually continue its bearish movement and reach 135.00 – 136.00 area. No change to the outlook yet at the current time except if the pair could make a strong bullish jump and close above the previous day high.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 138.50, 140.00, 142.50

GBP/CHF

More bearish pressure experienced by GBP/CHF. The pair closed below 1.1710 yesterday and set to extend its bearish movement today. No bullish reaction yet which means the pair might move lower to target 1.1750 next. Traders might want to avoid long positions for now.

Today critical levels to watch:

Support: 1.1750

Resistance: 1.1870, 1.2000, 1.2300