EUR/JPY

EUR/JPY got rejected from the 133.50 resistance level and fell toward 131.50 – 132.00 area. The pair seems to find support at 132.00 and stage bounce today. If the bullish pressure could continue to add up then we will see a bullish continuation to retest the 133.50 resistance level. Long positions could be taken near the 131.50 – 132.00 area.

Today critical levels to watch:

Support: 132.00, 131.50

Resistance: 133.50

EUR/GBP

EUR/GBP formed a bullish close at the end of the week which surpassed four days high. We might see bullish follow-through this week toward the 0.8500 resistance level. A lower low has been printed but a bullish correction could happen up to 0.8600 and traders might want to stay cautious for now.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580

GBP/JPY

GBP/JPY closed below 156.58 level which might confirm a bearish correction. However, the pair currently moving upward and sticking near the level. If the pair make a bearish correction then it could target the 153.50 support level. Traders could consider long positions near the level when there is a bullish reaction.

Today Critical level to watch:

Support: 156.58, 153.50

Resistance: 160.00

GBP/CHF

GBP/CHF trading lower from the 1.2700 resistance level which means the consolidation between 1.2500 – 1.2700 will continue. Traders will continue to apply range strategy inside the 1.2500 – 1.2700 range until breakout happens. The pair need to close below 1.2500 or above 1.2800 to confirm the next long-term direction.

Today critical levels to watch:

Support: 1.2600, 1.2500

Resistance: 1.2700, 1.2800