EUR/JPY

EUR/JPY bullish bounce from the 125.00 support level erased most of the losses incurred last week. The pair set to continue upward and target the 127.00 resistance level. At the current time, there is a bearish attempt but we think the pair will start moving higher again later.

However, if the pair closes below 125.00 then traders might want to scale out of long positions.

Today critical levels to watch:

Support: 125.00, 123.30, 121.50

Resistance: 127.00

EUR/GBP

The consolidation near 0.9000 has no conclusion yet. EUR/GBP continue making closes near the level and waiting for the next direction. If traders entered long positions then they could place a stop order below 0.8920. On the other side, traders who have short positions will place a stop order above 0.9067.

today critical levels to watch:

Support: 0.9000, 0.8920, 0.8750, 0.8700

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY made a strong bullish close yesterday near the 140.00 resistance. We think a bullish breakout above 140.00 is imminent and traders might want to avoid short positions. If no breakout happens then GBP/JPY set to continue its ranging movement near the 140.00.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00

GBP/CHF

GBP/CHF mostly sideways inside the 1.1870 – 1.2000 range and is expected to continue its consolidation. Traders will wait for a breakout while applying ranging strategies inside the range.

Today critical levels to watch:

Support: 1.1867, 1.1750, 1.1730

Resistance: 1.2000