EUR/JPY

EUR/JPY bounce from the level near 125.00 losing momentum. The pair slowly move lower again and soon will reach the 125.00 support level. Traders could observe the reaction near the 125.00 support level to determine the next direction of the pair. Without a strong bounce from the level, EUR/JPY might continue further lower and target 123.30.

Today critical levels to watch:

Support: 125.00, 123.30, 121.50

Resistance: 127.00

EUR/GBP

EUR/GBP turned bullish sharply as the pair bounce from the 0.8920 support level. The bounce is unexpected but it could develop into a medium-long-term bullish trend. Today, the pair cross above 0.9000 with strong bullish momentum.

If the pair could maintain its bullish pressure then traders will expect the pair to target 0.9300 in the long-term.

today critical levels to watch:

Support: 0.9000, 0.8920, 0.8750, 0.8700

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY fell from 140.00 support level with moderate bearish pressure. The pair reach the 138.50 support level today and currently testing it. We think GBP/JPY could continue its bearish movement and target 135.00 – 136.00 area.

Today Critical level to watch:

Support: 138.50, 136.00, 135.00

Resistance: 140.00, 142.50, 145.00

GBP/CHF

GBP/CHF fell below 1.2000 once again. It is up to the bull to bring the pair further higher or let it continue lower to retest 1.1870. Traders could see the pair trade inside two trendlines. Under current strong bearish pressure, we might see the pair breakout and close below the trendline.

Today critical levels to watch:

Support: 1.1870

Resistance: 1.2000, 1.2300