EUR/JPY

EUR/JPY started a bearish correction in today’s trading session. The pair move lower with moderate bearish momentum. As mentioned in the latest analysis, traders will expect a bearish correction toward the 140.50 support level. If the pair could bounce from the level then traders could consider entering 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 recover and close above 0.8750 yesterday. However, the pair come under bearish pressure again now. The pair might consolidate between 0.8700 – 0.8750 for now. Traders will wait for further reaction inside the area. If the pair produce a bullish reaction near the 0.8700 level then traders could enter long positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY pushed lower and set to target 161.00 support level. However, the pair make a bullish recovery and currently trading above the previous day’s low. We might see further consolidation near the current level and traders might want to observe the pair reaction for now. A close above 164.00 is bullish and will indicate a bullish continuation.

Today Critical level to watch:

Support: 164.00, 161.00

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF situation has not changed yet with the pair continuing printing a new lower low on the chart. The pair’s bearish trend is set to continue and traders will wait for a bullish correction toward the resistance level for a chance to enter short positions. On the upside, 1.1200 is the nearest level to watch for a bearish reaction.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750