EUR/JPY

The 120.00 – 120.30 support area is the key to the current movement in EUR/JPY. The pair stick near the area before the U.S Fed interest-rate decision. If the pair could bounce from the support level then it might target 121.50 resistance. On the other hand, if the bearish breakout happens then EUR/JPY might fall toward 119.20.

Today critical levels to watch:

Support: 120.00

Resistance: 120.30, 121.50, 122.00

EUR/GBP

Major events will happen soon in the UK, tomorrow BOE will set interest-rate and two days later UK Brexit will commence. Both are major events and might influence the EUR/GBP movement radically. Traders who want to speculate on both events could continue to hold positions.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8600, 0.8750

GBP/JPY

GBP/JPY slightly lower as the market expects BOE will cut interest-rate. If the actual rate-cut happens then GBP/JPY might target 140.00 support level. Similar to the situation in EUR/GBP, pound sterling is highly speculative as Brexit will commence the day after BOE interest-rate decision.

Today Critical level to watch:

Support: 141.00, 140.00

Resistance: 142.50, 144.33, 145.00

GBP/CHF

GBP/CHF trade inside 1.2500 – 1.2700 range before major events at the end of the month. No one knows where the pair will move next. It could be a major drastic change in price or it could be no change at all. The safest option is to stay flat and wait for opportunities after major events.

Today critical levels to watch:

Support: 1.2600, 1.2500, 1.2300

Resistance: 1.2700, 1.2900, 1.3000