EUR/JPY

EUR/JPY hanging near the top, looking for a chance to continue the bullish movement. No change yet to the bullish situation, traders will continue to hold long positions for now. If the pair make a bearish correction then traders will use 134.50 – 135.00, 133.50, 131.50 – 132.00 as places to enter long positions.

Today’s critical levels to watch:

Support: 135.00, 134.50, 133.50, 132.00, 131.50

Resistance: 137.00

EUR/GBP

EUR/GBP printed a lower swing low last week which canceled the bullish outlook. At the current time, 0.8325 will turn into a resistance level and traders will monitor the pair reaction near the level. The pair need to climb and print a higher swing high above 0.8500 to reverse the bearish trend. At the current time, it is better to stick with short positions when a bullish correction happens.

Today’s critical levels to watch:

Support: 0.8100

Resistance: 0.8325, 0.8400, 0.8500

GBP/JPY

GBP/JPY upward movement has not stopped yet as the pair continue printing a new higher high. There is no major bearish reaction which means no chance to add more long positions yet. If the pair start a bearish correction then traders will wait near support levels for a chance to enter long positions when bearish pressure recedes.

At the current time, just stick with long positions and target round numbers levels such as 165.00, and 170.00.

Today Critical level to watch:

Support: 160.00, 158.15, 156.58

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF stage a bullish rally and managed to close the week near the 1.2300 resistance level. No higher swing high printed yet which means there is a chance of bearish reversal. Traders will monitor the pair reaction near 1.2300. If the pair form a major bearish reaction then traders could enter short positions with a stop above 1.2416

Today’s critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700