EUR/JPY

EUR/JPY closed lower yesterday but no close below Friday low. The pair currently move upward to erase part of the previous day’s loss. Without a major change in the bullish pressure then the pair will continue moving upward to test the 127.00 resistance level.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00, 128.00

EUR/GBP

EUR/GBP showed bearish pressure today and it seems will resume the bearish movement below 0.8920. If a lower low printed then the pair set to start a new bearish trend toward 0.8750 and 0.8700. Traders might want to avoid long positions for now. Long positions will become available again once the pair climb and close above 0.8920.

today critical levels to watch:

Support: 0.8860

Resistance: 0.8920, 0.9000

GBP/JPY

GBP/JPY keeps building bullish pressure at 142.50 resistance level. The pair has not shown any weakness and it might breakout above the resistance level soon. Traders who have long positions could continue to keep it with a stop below 140.00. At the current time, no breakout yet from the 140.00 – 142.50 range but it is better to avoid short positions.

Today Critical level to watch:

Support: 140.00, 137.75

Resistance: 142.50, 145.00

GBP/CHF

A bullish breakout happens today and the pair continues moving upward to test the previous week’s high. If the pair could close the day above the trendline or better above the previous week’s high then traders will expect a bullish continuation toward 1.2300 and 1.2500.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750, 1.1600

Resistance: 1.2200, 1.2300