EUR/JPY

EUR/JPY fell from 117.80 yesterday and printed a bearish close. The pair manage to stay above the black trendline and show no indication of the next direction yet. Without a major change in the trend, EUR/JPY might move between the trendline and 117.80 resistance.

today critical levels to watch:

Support: 116.50, 116.00, 115.80

Resistance: 117.80, 120.00, 121.00

EUR/GBP

EUR/GBP reacted bullishly before it could reach the 0.9000 support level. The pair launched upward as Pound sterling beaten globally. In the UK, Boris Johnson requests the Queen to suspend parliament before Brexit. It means the parliament will have limited time to produce laws to block Brexit and will increase the odds Brexit will exit without deals.

If the pair could close above the bottom of channel then we could expect EUR/GBP continue upward inside the channel.

today critical levels to watch:

Support: 0.9000

Resistance: 0.9100, 0.9200, 0.9300

GBP/JPY

Nothing out of expectation yet, GBP/JPY continues its ranging movement between 128.20 – 130.00. The pair expected to continue its ranging movement for now and test the bottom of the range soon. Without any breakout and close outside of the range, traders could continue to apply ranging strategies.

Today Critical level to watch:

Support: 128.20

Resistance: 130.00, 132,00

GBP/CHF

GBP/JPY made another close above 1.2000 yesterday. But, the bullish close immediately reversed today and the pair in the risk of a new bearish trend. A close below the top of channel will trigger bearish trend inside the channel. Traders might want to look for short positions with a stop above the previous day high.

Today critical levels to watch:

Support:

Resistance: 1.2000, 1.2300