EUR/JPY

EUR/JPY trading upward at the beginning of the week and soon will test the 137.40 resistance level. The pair’s long-term trend is bullish but it needs to break out and closes above the 137.40 resistance level to confirm further upside. On the lower side, a breakout and close below the 131.50 will confirm a bearish continuation.

Today’s critical levels to watch:

Support: 135.00, 134.50, 132.00, 131.50

Resistance: 137.40, 140.50

EUR/GBP

EUR/GBP got rejected from the 0.8580 – 0.8600 resistance area and fell toward the 0.8500 support level. The pair stick near the 0.8500 support level and mostly trading sideways. However, the overall trend is bullish as the pair managed to form a higher highs and higher lows. A close above 0.8600 will confirm a bullish continuation.

Today’s critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY maintains the position above the 158.15 support level but no major bullish momentum from the level yet. At the current time, the pair is testing the previous week’s high. Traders who have long positions will continue to hold the positions and place stop order below the previous swing low or below 155.50.

Today Critical level to watch:

Support: 158.15, 156.58

Resistance: 160.00, 165.00, 170.00

GBP/CHF

GBP/CHF broke below the 1.2125 support level and tested the 1.2000 level. There is no bearish continuation yet, the pair currently testing the 1.2125 level and will attempt to close above it. Traders will monitor the pair reaction between 1.2000 – 1.2125 for now. If the pair manage to trade higher then 1.2300 will continue become the resistance level for bearish positions.

Today’s critical levels to watch:

Support: 1.2000

Resistance: 1.2125, 1.2300