EUR/JPY

After the bearish breakout at the end of the previous week, EUR/JPY continues its weakness and fall below the trendline today. However, the bearish pressure does not last and the pair reverse upside to trade near 117.80. EUR/JPY next trend might turn bullish if the pair could close above 117.80.

today critical levels to watch:

Support: 116.50, 116.00, 115.80

Resistance: 117.80, 120.00, 121.00

EUR/GBP

EUR/GBP provide us with no major bullish reaction as the pair slip below its bullish channel. The pair currently trying to move up and test the bottom of the channel. At the current time, there is no reaction yet and the pair might continue upward temporarily. Traders could either prepare for short positions near the bottom of the channel or look for long positions when the pair tested 0.8920 and 0.9000.

today critical levels to watch:

Support: 0.9000

Resistance: 0.9100, 0.9200, 0.9300

GBP/JPY

The bullish build-up in GBP/JPY surpassed 130.00 but immediately pushed lower by the end of the previous week. The pair currently ranging between 128.20 – 130.00 and showing bullish pressure. Will it breakout above the range and continue toward the trendline? Alternatively, will it continue to range inside 128.20 – 130.00 this week?

Today Critical level to watch:

Support: 128.20

Resistance: 130.00, 132,00

GBP/CHF

GBP/CHF return inside the bearish channel and fell below 1.2000 by the end of the previous week. It is too early for traders to assume the pair will continue bullish. At the current time, the pair expected to continue its movement inside the bearish channel.

Today critical levels to watch:

Support:

Resistance: 1.2000, 1.2300