EUR/JPY

EUR/JPY bearish pressure continues and the pair closed below 125.00 yesterday. There is bearish follow-through today to break below the previous swing. As of now, there is no lower low printed yet. EUR/JPY expected to maintain the level near 125.00 with bearish pressure. We think the pair might breakout and target the 123.30 support level.

Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00, 127.00

EUR/GBP

EUR/GBP bullish reversal has brought the pair to close above 0.9000 with strong momentum. The pair continues its bullish movement and surpassed the previous day high. At the current time, traders will wait for a bearish correction toward 0.9000 to enter long positions.

today critical levels to watch:

Support: 0.9000, 0.8920, 0.8750, 0.8700

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY bearish reversal started from 142.50 and yesterday the price fell below 140.00 to close at 137.59. The bearish pressure might continue today and the rest of the week. GBP/JPY expected to continue moving lower and target 135.00 – 136.00 area.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 138.50, 140.00, 142.50

GBP/CHF

GBP/CHF printed a bearish marubozu pattern yesterday. The bearish movement has strong momentum and it might continue today. There is the 1.1870 support level below the current level. However, we think the support level will be broken and GBP/CHF is set to target 1.1750 next.

Traders might want to stay sideline for now and waiting for either a bearish continuation or bullish correction toward 1.2000.

Today critical levels to watch:

Support: 1.1870

Resistance: 1.2000, 1.2300