EUR/JPY

EUR/JPY bounced from the 137.40 support level but no bullish follow-through yet. The pair might continue trading sideways near the current level and waiting for further reactions. Traders will wait for the pair to make a movement out of the 137.40 – 140.50 area. Will the pair continue the bullish trend and print a new higher high? Alternatively, will it move lower and print a lower low to cancel the bullish trend?

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 closed near the 0.9000 resistance level and currently attempting to maintain the level near it. The pair might trade between 0.8900 – 0.9000 for now while waiting for a trigger to move. We think the pair will continue bullish and traders better await for bearish correction to enter long positions at a lower level.

Today’s critical levels to watch:

Support: 0.8900, 0.8750, 0.8700

Resistance: 0.9000, 0.9300

GBP/JPY

GBP/JPY is in major bearish pressure and the pair touched the 149.20 – 150.00 area. The pair currently attempting to recover from the bearish movement. It might consolidate near the 156.58 level while waiting for further reactions. We think the pair will continue its bearish movement and suggest traders avoid taking long positions near the current level.

Today Critical level to watch:

Support: 153.50

Resistance: 161.00, 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF is mostly bearish and the previous bearish attempt almost reached the parity level. There is no reason to turn bullish yet as the pair has not shown a stop on the bearish movement. Traders will wait for a bullish correction toward the resistance level for a chance to enter short positions.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750