EUR/JPY

EUR/JPY closed above 120.00 – 120.30 but showed long upper shadow which means current bullish pressure could reverse anytime. The pair currently stick near 120.00 – 120.30 area, waiting for a further trigger to move. If the pair continues moving upward then 121.50 will become the target. However, a close below 119.20 will become a trigger for bearish continuation.

Today critical levels to watch:

Support: 120.30, 120.00, 119.20

Resistance: 121.50, 123.30

EUR/GBP

No bullish continuation yet in EUR/GBP even though the pair has closed above 0.9000. Without breakout and close above the previous month high, it seems EUR/GBP will continue consolidation between 0.9000 and the previous month high.

We still think the pair has a higher chance of breakout and continue its bullish trend.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9300

GBP/JPY

The bearish movement of GBP/JPY halted near 132.50 and we have a bullish engulfing pattern. There was a breakout above the pattern high but the bull could not close the price above the pattern high. At the current time, GBP/JPY is consolidating near 132.50, waiting for further reaction.

If the bear could push the price lower below the Monday low then GBP/JPY set to fall toward 130.00

Today Critical level to watch:

Support: 132.50, 130.00

Resistance: 133.00, 135.00, 136.00, 140.00

GBP/CHF

GBP/CHF experienced another bearish pressure in today’s trading session. The pair might be in-risk of further downward movement below the previous week low. A breakout and close below the level will trigger medium-long-term bearish continuation.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000, 1.2300