EUR/JPY

EUR/JPY continues its bearish movement below 115.80 support level and reaches 114.80. The bull appeared and brought the pair higher toward 115.80. This week, traders will wait for the further reaction from the 115.80 before entering positions. Short positions near the level could be taken when there are major bearish reactions.

Today critical levels to watch:

Support: 114.80, 114.00

Resistance: 115.80, 116.00

EUR/GBP

No change to the situation of EUR/GBP yet which continue trade between 0.8700 – 0.8750. Similar to the previous outlook, the pair expected to continue trading between 0.8700 – 0.8750 until breakout happens.

today critical levels to watch:

Support: 0.8700

Resistance: 0.8750, 0.8862, 0.9000

GBP/JPY

GBP/JPY stick near the 132.50 – 133.0 area and closed the week near it. If the pair follow the breakout direction then we might see further weakness this week. However, if a close above 132.50 – 133.00 happens then traders will expect the pair to move higher and retest 135.00 – 136.00 area.

Today Critical level to watch:

Support: 130.00, 128.20

Resistance: 132.50, 133.00, 134.50

GBP/CHF

Not much to expect yet in GBP/CHF. The pair movement slowdown near the 1.2000 support level. This week, the pair expected to continue its consolidation near the level. Traders will continue waiting at the sideline until major reactions happen.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2120, 1.2300