EUR/JPY

EUR/JPY fell below the previous week’s low but currently recovering from the bearish pressure. We could see the pair trade back to its blue box area. Without any close outside of the box area, it seems the pair will continue its consolidation with a bullish bias.

The same strategy as previous analysis, if the pair make bearish correction toward 128.00 or 127.00 then traders could enter long positions.

Today critical levels to watch:

Support: 128.00, 127.00, 125.00

Resistance: 130.00, 131.50, 132.00

EUR/GBP

EUR/GBP produces a bearish reaction at the end of the previous week. The bearish pattern has follow-through today but it seems losing bearish pressure. At the current time, the pair has traded back above its opening level. We think the bullish trend will continue with or without testing the 0.8600 level. Traders who have long positions will continue to hold the positions for now.

today critical levels to watch:

Support: 0.8600, 0.8500, 0.8400

Resistance: 0.8700, 0.8750, 0.8860

GBP/JPY

Last week, GBP/JPY formed a bullish engulfing pattern at the 150.00 support level. However, there is no follow-through on the pattern yet. The pair is under pressure and testing the 150.00 support level today. If bearish breakout and lower close printed then we might see the pair moving lower to target 147.50.

Today Critical level to watch:

Support: 150.00, 147.50, 145.00

Resistance: 152.00, 153.50, 156.58

GBP/CHF

GBP/CHF printed a bullish pin bar pattern last week which indicates a bullish bounce from the 1.2700 support level. The pair is attempting to break above the pattern high today. Will the pair manage to breakout and confirm the pattern to continue the bullish trend?

Today critical levels to watch:

Support: 1.2700, 1.2500, 1.2300

Resistance: 1.2800, 1.2900