EUR/JPY

EUR/JPY slowly higher from 117.80 support level. Its attempt to move above the previous week high but no major breakout yet. The pair might stick near the high and waiting for ECB press conference this week. No clue on the next direction yet, the pair could move sharply after the press conference.

today critical levels to watch:

Support: 117.80, 116.50, 116.00, 115.80

Resistance: 119.00

EUR/GBP

Similar to the previous day situation, EUR/GBP is in the consolidation period between 0.8920 – 0.9000. The pair might move radically after ECB decision this week. Traders suggested waiting for breakout and trade the direction of the breakout.

today critical levels to watch:

Support: 0.8920

Resistance: 0.9000

GBP/JPY

The close above trendline prompted traders that GBP/JPY might extend its bullish movement toward the top trendline. It is currently testing previous day high and might close near it. No positions suggested, for now, wait until the pair moves higher and place short positions when there are bearish reactions.

Today Critical level to watch:

Support: 132,00, 130.00

Resistance: 133.00

GBP/CHF

1.2300 is the checkpoint and the place where either major rejection or breakout will happen. If GBP/CHF could close above 1.2300 then it is expected to trade between 1.2300 – 1.2500. Alternatively, rejection from 1.2300 will lead the pair down to test 1.2000 again.

Today critical levels to watch:

Support: 1.2075, 1.2000

Resistance: 1.2300, 1.2500