EUR/JPY

EUR/JPY closed near 117.80 yesterday and the pair continue its bullish pressure today. Without any change in the direction, we might see the pair testing 119.20 resistance level soon. At the current time, traders will wait until the pair reach resistance and lost bullish momentum.

When the pair form a major bearish pattern near 119.20 – 120.00, traders could consider short positions.

Today critical levels to watch:

Support: 117.80, 116.30, 115.80

Resistance: 119.20, 120.00

EUR/GBP

A bounce from 0.8750 support level has happened but it has no strong upward momentum. The pair seems to lose upward momentum and might move lower again to test the 0.8750 support level. No confirmation for the next direction. Traders who have long positions will put a stop level below the 0.8750 support level.

today critical levels to watch:

Support: 0.8750

Resistance: 0.9000, 0.9300, 0.9500

GBP/JPY

The bull is eager to make a breakout above 135.00 – 136.00. We could see a higher high printed on the chart and the pair slightly move lower after it touches 135.00. If the pair could add more bullish pressure and close inside 135.00 – 136.00 or above it then we will see a major bullish breakout.

However, if the pair suddenly move lower with strong bearish momentum then it might create a bearish continuation.

Today Critical level to watch:

Support: 132.50, 132.00, 130.00, 128.20

Resistance: 134.50, 135.00, 136.00

GBP/CHF

GBP/CHF stuck near 1.2000 without major reaction. The pair might be able to reverse the bullish pressure once but there is no momentum in the bearish movement. If the pair continues making closes near 1.2000 for several days then a bullish breakout may happen.

Today critical levels to watch:

Support: 1.1200

Resistance: 1.2000