EUR/JPY

EUR/JPY is trading lower today and managed to reach the 137.40 support level. There is a bullish reaction that might lead to a close as a bullish pin bar. If the pair starts moving upward then 140.50 is the resistance level to watch for bearish reactions. Traders who have entered long positions will monitor the pair reaction at 140.50. If the pair could close above 140.50 then there is a chance of bullish continuation.

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 moving with high volatility today as the pair almost touch 0.9300 but retraced sharply below 0.9000. The pair might continue its high volatility movement and it might be better to stay out for now. Traders will maintain a bullish outlook as the pair continue printing a new higher high and higher low.

The next higher low might be printed around 0.8700 – 0.8750. A movement below the area will cancel the bullish outlook.

Today’s critical levels to watch:

Support: 0.8900, 0.8750, 0.8700

Resistance: 0.9000, 0.9300

GBP/JPY

GBP/JPY make a major bearish movement today and reached the 149.20 – 150.00 area. It seems the pair will continue moving with high volatility and it is better for traders to stay sideline. On the upside, 156.58 and 158.15 are the levels to watch for reactions. A close above 158.15 could trigger a further bullish correction.

Today Critical level to watch:

Support: 153.50

Resistance: 161.00, 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF reached the 1.0500 target level today and extended the bearish movement toward the parity level. The pair managed to stage a bullish recovery above the opening level. If the pair start a bullish correction then it will target 1.1200. We suggest traders stay out of long positions or enter new short positions for now as the pair might move with high volatility until the next direction is settled.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750