EUR/JPY

EUR/JPY pushed lower last week near the bottom of the orange box area. The pair expected to continue trading between the two boxes area with a bullish bias. A close above the top of the blue box area will confirm bullish continuation. On the other hand, a close below the orange box area is bearish confirmation.

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP rejection from the 0.8580 – 0.8600 area brought the pair down toward the 0.8500 support level. It seems the pair might continue moving lower to test the 0.8500 support level. Traders could use the support level and wait for bullish reactions to enter long positions.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600, 0.8700

GBP/JPY

There was a bullish attempt at the end of the previous week but the pair could not close the day above Thursday high which means the stalemate situation has not changed yet. This week, traders will expect more consolidation near the current level. On the upside, the pair need a close above 153.50 to confirm a bullish continuation. On the lower side, a close below 150.00 is bearish confirmation.

Today Critical level to watch:

Support: 150.00, 147.50, 145.00

Resistance: 152.00, 153.50, 156.58

GBP/CHF

There was a breakout above the triangle area last week but no close above the area yet. GBP/CHF is expected to continue pressuring the resistance level and attempt to break out this week. A close above the triangle area will confirm a bullish continuation toward 1.2800.

Today critical levels to watch:

Support: 1.2600, 1.2500, 1.2300

Resistance: 1.2700, 1.2800