EUR/JPY

EUR/JPY bearish close below 123.30 has no continuation toward 121.50 yet. The pair currently hover near the 123.30 level and waiting for further reaction. We think the pair will eventually continue its bearish movement and reach 121.50. However, if the pair close above 123.30 then we might see a retest on 125.00 first.

Today critical levels to watch:

Support: 121.50

Resistance: 123.30, 125.00, 127.00

EUR/GBP

EUR/GBP could not maintain its bullish pressure and end up lower yesterday. The pair currently trading inside the green area with a bearish advantage. There is a bearish attempt below the previous day low but the pair has returned above the previous day low.

Traders will wait for further reaction. The pair could either continue moving higher toward 0.9300 or start a bearish correction toward 0.9000.

today critical levels to watch:

Support: 0.9100, 0.9000

Resistance: 0.9300

GBP/JPY

GBP/JPY halted its drop before it could reach the 132.50 support level. The pair currently hovers in the middle of 132.50 – 135.00 and attempting to make a bullish recovery. If the pair could reach 135.00 – 136.00 area then traders will prepare to enter short positions when there is a bearish reaction.

Today Critical level to watch:

Support: 132.50

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF closed near 1.1750 and adding more bullish pressure above it today. The pair currently testing the previous day high and maintain the level near it. No confirmation yet that the pair will continue moving upward and target 1.1870.

Traders will monitor the pair closing level at the end of the day. If a bearish close below 1.1750 happens then we might see bearish continuation.

Today critical levels to watch:

Support: 1.1750, 1.1600, 1.1500

Resistance: 1.1870, 1.2000