EUR/JPY

EUR/JPY sticks near the 120.00 – 120.30 area with no major reaction yet. We could see several neutral closes with the upper and lower shadow which show the range gets tighter. If EUR/JPY could not add more bullish pressure and make bullish close further from 120.00 – 120.30 area then it might start moving lower again.

The bearish movement from the current level could target 119.20 and lower.

Today critical levels to watch:

Support: 120.30, 120.00, 119.20

Resistance: 121.50, 123.30

EUR/GBP

EUR/GBP situation has not changed yet compared to the previous day situation. The pair currently consolidating between 0.9000 and the previous month high. As long as there is no breakout above the high, EUR/GBP expected to continue its consolidation.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9300

GBP/JPY

GBP/JPY continue its consolidation near 132.50 – 133.00 area. The pair has a bullish engulfing pattern formed but no breakout above the pattern yet. Traders will expect the pair to continue its consolidation near the current area until breakout happens.

Today Critical level to watch:

Support: 132.50, 130.00

Resistance: 133.00, 135.00, 136.00, 140.00

GBP/CHF

There is no change to the GBP/CHF outlook yet which currently trading near the low. The pair managed to maintain the level above the May low. As long as there is no breakout and close below the level, traders could assume that GBP/CHF will bounce higher and test 1.1870.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000, 1.2300