EUR/JPY

EUR/JPY closed below 119.20 last week but no bearish continuation yet. The pair attempt to bounce and rejected near the 120.00 – 120.30 resistance. If the pair close near its opening level then EUR/JPY set to continue its bearish trend. Traders might want to avoid long positions for now as long as coronavirus continues haunting the market.

Today critical levels to watch:

Support: 119.20

Resistance: 120.00, 120.30, 121.50

EUR/GBP

The bullish trend in EUR/GBP expected to continue after the close above the red trendline. The pair upward movement tested the resistance 0.8700 today. If the bull could maintain the bullish pressure then we could expect a breakout will happen soon.

today critical levels to watch:

Support: 0.8600, 0.8500

Resistance: 0.8700

GBP/JPY

GBP/JPY path continues pointed lower and there is no reason to take long positions yet in the pair. The flight to Japanese Yen continue and putting more pressure on its counterpart. GBP/JPY soon will reach 136.00 support level. Without a major bullish reaction from the support level, it is better to avoid long positions.

Today Critical level to watch:

Support: 140.00

Resistance: 141.00, 142.50, 144.33, 145.00

GBP/CHF

No more hope for a bounce in GBP/CHF. The pair only moving straight to the downside and may close below 1.2300 support level today. Similar to other GBP pairs, it is better to avoid long positions until a major bullish pattern formed.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2700, 1.2900, 1.3000