EUR/JPY

The bearish pressure on EUR/JPY seems to recede at the end of last week. The pair maintained the positions above 125.00 and might start a new bullish leg to target the level above 127.00. As long as the 125.00 support level intact, traders could assume the bullish trend will continue.

Today critical levels to watch:

Support: 125.00, 123.30, 121.50

Resistance: 127.00

EUR/GBP

EUR/GBP initially climbed above the bullish engulfing pattern but at the end of the day, the pair closed the day as a bearish pin bar pattern. If the bearish pattern confirmed this week then EUR/GBP set to restart the bearish trend and target 0.8700 – 0.8750.

today critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8920, 0.9000, 0.9100, 0.9300

GBP/JPY

GBP/JPY consolidating inside the 140.00 – 142.50 area, the pair formed a bullish pin bar after testing the 140.00 support level. We expect the pair to resume its bullish trend and breakout above 142.50 this week or in the coming weeks. Traders will continue to hold long positions and place stop levels below 140.00.

Today Critical level to watch:

Support: 140.00, 136.00, 135.00

Resistance: 142.50, 145.00

GBP/CHF

GBP/CHF expected to continue its bullish trend after the breakout above 1.2000. At the current time, the pair produced a bullish close on the Friday trading session. The pair either could continue its bullish trend with or without correction toward 1.2000.

Traders could continue to use 1.2000 as the level to enter long positions.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2800