EUR/JPY

The pair moving in a roller-coaster movement but slowly losing ground after the test on 120.00 – 120.30 area. At the current time, we have a test on 117.80. If the pair closes below the level then traders will expect further weakness in the coming days.

Today critical levels to watch:

Support: 117.80, 115.80

Resistance: 119.20, 120.00, 120.30

EUR/GBP

Let the pair continue upside and reach another bullish target. There is no bearish correction which means no chance for traders to add long positions. It is better to stick with long positions and avoid short positions at least until major bearish reversal happens.

today critical levels to watch:

Support: 0.9000, 0.8921

Resistance: 0.9300

GBP/JPY

GBP/JPY losing more ground and currently fall below 128.20. Without any change in the direction, the pair will reach 125.00 and lower. We think traders better avoid long positions for now. Coronavirus pandemic getting worse and we have confirmed 200,000 around the world. If there is no positive news by the end of the month then traders will expect further bearish pressure.

Today Critical level to watch:

Support: 125.00

Resistance: 128.20, 130.00

GBP/CHF

No change yet compared to the previous day situation. GBP/CHF printed further lower low and the pair under pressure. Same strategy, without any bullish reaction, it is better to continue short on the pair.

Today critical levels to watch:

Support: –

Resistance: 1.2000