EUR/JPY

123.30 resistance could not stop the pair upward movement. Yesterday, EUR/JPY crossed 123.30 and closed above it. The pair currently attempting to add more bullish pressure but no breakout above the previous day high yet. At the current time, traders will observe the pair reaction near the June high also 125.00 if it manage to reach it.

Avoid shorting until there is a major bearish pattern formed on the chart.

Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00

EUR/GBP

EUR/GBP bounced from the 0.9000 support level and currently set to test the trendline resistance. The pair might be able to continue upward and a breakout above the trendline. If the breakout happen then traders will expect the pair to target 0.9300 resistance.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9300

GBP/JPY

A close above 136.00 resistance level finally happened in GBP/JPY. The pair now expected to maintain the positions above 135.00 – 136.00 to confirm that the bullish breakout is valid. If the pair return below the 136.00 level by the end of the week then the bullish outlook might be cancelled and GBP/JPY could start moving lower again.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00

GBP/CHF

Unlike GBP/JPY, GBP/CHF took the downward direction. The pair got rejected from the 1.1870 resistance level and printed bearish close yesterday. The bearish pressure continue in the today trading session. If the pair falls below previous week low then we might see long-term bearish continuation.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000