EUR/JPY

EUR/JPY prospect of further bullish movement might need to wait until the pair make bullish close above the horizontal resistance level. On the upside 119.20 is the resistance level to watch for a possible bearish reversal. Similar to other analyses, only take short positions for now at least until there is a major change in Eurozone.

Today critical levels to watch:

Support: 117.80, 116.30, 115.80

Resistance: 119.20, 120.00

EUR/GBP

EUR/GBP holding out at the support 0.8750. No breakout below the level yet and currently we expect a bullish bounce from the support level. Traders will expect the pair to trade between two horizontal lines. However, if there is a major break and close below 0.8750 then traders will switch to the bearish side.

today critical levels to watch:

Support: 0.8750

Resistance: 0.9000, 0.9300, 0.9500

GBP/JPY

GBP/JPY made bullish close again yesterday and currently crawl slowly upward. The pair printed higher high but trade below the opening level today. If we have a major bearish pattern formed then GBP/JPY might start moving lower. On the other side, a close above 135.00 – 136.00 will confirm further bullish continuation.

Today Critical level to watch:

Support: 134.50, 132.50, 132.00

Resistance: 135.00, 136.00

GBP/CHF

Not much movement yet near the 1.2000 resistance level. GBP/CHF expected to consolidate near the level until momentum movement formed. Traders might want to stay sideline, for now, waiting for the pair to either print higher high or lower low on the chart.

Today critical levels to watch:

Support: 1.1200

Resistance: 1.2000