EUR/JPY

EUR/JPY dropped at the end of previous week and closed near 120.00. The pair might be in trouble and could continue lower this week. If the pair could maintain the position above 120.00 by the end of week then it will avoid bearish continuation and start moving upward again.

Traders will observe the pair reaction this week.

Today critical levels to watch:

Support: 120.00, 119.20, 119.00

Resistance: 120.30, 121.50

EUR/GBP

EUR/GBP almost reached the target 0.8400. The pair soon will complete the target and traders could take profit near the level. The pair might stall near the level and start a consolidation before next movement.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8600

GBP/JPY

GBP/JPY surpassed 142.50 at the end of week and manage to maintain the position above it. This week, the pair will test 142.50 and waiting for further clue on the next direction. Long positions near 142.50 could become the scenario traders consider. However, it is better to wait for deeper correction before placing long positions.

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 145.00

GBP/CHF

GBP/CHF on the path upward to test 1.3060 resistance. There is no change to the bullish outlook yet and traders will continue hold long positions. When the pair hit 1.3060 it is possible the pair will start a bearish correction with 1.2900 as bottom.

Long positions when the pair make correction toward 1.2900 could be considered.

Today critical levels to watch:

Support: 1.2900, 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.3000, 1.3060