EUR/JPY

EUR/JPY has not stage any major bullish rally near the support level 116.30. The pair might continue its downward movement to test the support level and might break lower below it. No confirmation yet at the current time but we think the pair might continue lower and extend the bearish move below 116.30.

Today critical levels to watch:

Support: 116.30, 115.80

Resistance: 117.80, 119.20, 120.00

EUR/GBP

EUR/USD stick near 0.8700 – 0.8750 range with no major breakout below the support level. Today, there is a bullish attempt which currently testing the previous Friday high. If the pair could move higher and close above 0.8750 then we will see a new bullish rally.

today critical levels to watch:

Support: 0.8700

Resistance: 0.8750, 0.9000, 0.9300

GBP/JPY

GBP/JPY could not surpass 135.00 – 136.00 area last week and the pair continue its consolidation for now. No lower low or higher high printed on the chart. Traders will wait for a further reaction from the resistance area. Will the pair jump above 136.00 and make major bullish rally? Alternatively, will it get rejected from the resistance area and resume its bearish trend?

Today Critical level to watch:

Support: 134.50

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF trading directionless above 1.2000 without strong momentum. Similar to the previous analysis, it is better to stay sideline for now in the pair. Traders could use 1.2000 as the level to look for long positions when there is a major bullish pattern formed.

Today critical levels to watch:

Support: 1.2000

Resistance: –