EUR/JPY

EUR/JPY printed higher high on the daily chart but experienced rejection. The pair closed as a bearish pin bar pattern yesterday and there is bearish follow-through today. If the pair continues moving lower then it will target 125.00 support level.

At the current time, EUR/JPY might trade between 125.00 – 127.00.

Today critical levels to watch:

Support: 125.00, 123.30, 121.50

Resistance: 127.00

EUR/GBP

EUR/GBP on the path lower to target 0.8700 – 0.8750 area. The pair show no bullish reaction and fell below 0.8920. Traders who want to enter short positions could enter near 0.8920 when there is a bullish correction. At the current time, it is better to wait sideline until the pair reach major levels.

today critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8920, 0.9000, 0.9100, 0.9300

GBP/JPY

GBP/JPY touched-down at 142.50 resistance level and there was rejection from the level. The pair currently hovering inside the previous day range and waiting for further reaction. If the pair start moves lower then traders could use 140.00 as the level to look for long positions.

Today Critical level to watch:

Support: 140.00, 136.00, 135.00

Resistance: 142.50, 145.00

GBP/CHF

GBP/CHF launched upward above 1.2000 and targeting the 1.2300 resistance level. The pair direction has turned bullish which means traders will avoid short positions for now. If the pair move lower to retest 1.2000 then traders could consider entering long positions.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2800