EUR/JPY

EUR/JPY mostly higher in the today trading session after the pair tested the level near 119.20. The pair seems will close the day as bullish engulfing pattern and traders could use 120.00 – 120.30 area as a support level to enter long positions. If the pair continue moving upward then 121.50 will become the resistance level to focus.

Today critical levels to watch:

Support: 119.20

Resistance: 120.00, 120.30, 121.50

EUR/GBP

EUR/GBP is testing the May high and no breakout above the level for now. The pair slightly lower but maintain the positions inside the Friday range. If the pair move lower then 0.9000 is the support level to watch for a possible bounce. Long positions near 0.9000 could be considered.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9300

GBP/JPY

We have an initial bounce reaction near 132.50. GBP/JPY currently testing the Friday high and looking for a close above it. If a close above the high happen then we have a bullish engulfing pattern. Furthermore, if the pattern confirmed to the upside then GBP/JPY has a chance to retest 135.00 – 136.00 area.

Today Critical level to watch:

Support: 133.00, 132.50, 130.00

Resistance: 135.00, 136.00, 140.00

GBP/CHF

GBP/CHF looks to bounce from the horizontal support level which is the May low. The bounce might lead the pair higher to test 1.1870 level. At the current time, the GBP/CHF range span between May low and the 1.1870 resistance level. Traders might want to stick with short positions as the current trend is bearish. A close below May low will become the confirmation of bearish continuation.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000, 1.2300