EUR/JPY

EUR/JPY made a sudden bullish jump from the 115.80 support level. The bullish movement reached 117.80 resistance level and the pair settled near it at the end of the week. This could mean the pair will continue its bullish movement this week and breakout above 117.80. On the upside, traders will observe 119.20, 120.00, and 120.30 as the target levels.

Today critical levels to watch:

Support: 116.30, 115.80, 114.80

Resistance: 117.80, 119.20, 120.00, 120.30

EUR/GBP

Finally, we have a breakout from 0.8700 – 0.8750 range. The pair breakout to the upside and set to start a new bullish leg. If the pair could surpass mid-April high at 0.8862 then we have final confirmation for a new bullish trend. At the current time, traders could add more long positions near 0.8750.

today critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8862, 0.9000, 0.9300

GBP/JPY

Another rejection happened near 135.00 – 136.00 in GBP/JPY. The pair is in-risk of further weakness this week. Traders will observe the previous week low or the area between 132.50 – 133.00 for the reaction. Without further bullish reaction near the area then GBP/JPY might be set to move lower toward 130.00.

Today Critical level to watch:

Support: 133.00, 132.50, 130.00

Resistance: 134.50, 135.00, 136.00

GBP/CHF

GBP/CHF back to neutral level at 1.2000 and will wait for further reaction. Traders should wait sideline near the 1.2000 level. At the current time, the bear has upper hand and might lead the pair to breakout below 1.2000.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2120, 1.2300