EUR/JPY

EUR/JPY drifted lower after the rejection from the resistance 127.00. The pair almost reach the 125.00 support level to test it. Traders will observe the reaction near 125.00. If the pair could maintain the positions above 125.00 and form a bullish pattern then traders could enter long positions.

Today critical levels to watch:

Support: 125.00, 123.30, 121.50

Resistance: 127.00

EUR/GBP

EUR/GBP closed lower yesterday, extended the bearish movement below 0.8920. However, the pair rebounds and surpassed the previous day high to return near 0.8920. It seems the pair will make a bullish engulfing pattern today. We think the bullish reaction will act as a relief rally and might be capped inside 0.8920 – 0.9000.

Traders will observe the pair movement, when the pair lost bullish momentum then traders could enter short positions.

today critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8920, 0.9000, 0.9100, 0.9300

GBP/JPY

The bearish rejection from the 142.50 accelerate and GBP/JPY falls toward the 140.00 support level. There is no touch on the support level yet. However, judging from the bearish momentum, GBP/JPY will test the support level this week. If the pair could maintain the positions above 140.00 then traders could start entering long positions.

Today Critical level to watch:

Support: 140.00, 136.00, 135.00

Resistance: 142.50, 145.00

GBP/CHF

GBP/CHF started a bearish correction since the breakout above 1.2000. The pair set to target 1.2000 support level and bounce from it. Traders will wait until the pair reach the level near 1.2000 to enter long positions when the bearish pressure recedes.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2800