EUR/JPY

EUR/JPY extend its bullish advance and closed near 120.00. The pair currently testing 120.00 – 120.30 area and might breakout above it. If a breakout happens then traders will observe the top of channel for a possible bearish reaction. Short positions could be taken near the top of the channel if there is a bearish reaction.

Today critical levels to watch:

Support: 120.00, 119.20, 117.80

Resistance: 120.30

EUR/GBP

We have a bearish rejection from the 0.9300 resistance yesterday. The pair closed lower but inside the Monday range. Today, the pair attempting to move below the previous day low to target 0.9000. If the pair closed lower today then traders will expect the pair to move lower and reach 0.9000.

today critical levels to watch:

Support: 0.9000, 0.8921

Resistance: 0.9300, 0.9500

GBP/JPY

GBP/JPY made bullish close above 130.00 yesterday and confirm the sh0rt-term bullish reversal. The pair continues moving upward today and soon will test the previous Friday high. A further bullish close above the high might extend the bullish correction toward 135.00 – 136.00

Today Critical level to watch:

Support: 130.00, 128.20, 125.00

Resistance: 132.00, 135.00

GBP/CHF

Following GBP/JPY, the pair GBP/CHF made bullish close yesterday. The pair might start a bullish correction and target 1.2000. We think it is better to stay flat and apply bearish strategies as the long-term trend still bearish.

Today critical levels to watch:

Support: 1.1200

Resistance: 1.2000