EUR/JPY

EUR/JPY bullish attempt was rejected from the level near 127.00. The pair currently under bearish pressure but no lower movement below yesterday low yet. If the pair could maintain the positions above 125.00 then we might see another bullish bounce from the level.

Today critical levels to watch:

Support: 125.00, 123.30, 121.50

Resistance: 127.00

EUR/GBP

EUR/GBP currently trading between 0.8920 – 0.9000 and is expected to consolidate inside the area. If the pair closed below 0.8920 then it is set for a new bearish leg. On the other hand, a close above 0.9000 will need further higher high above 0.9070 to confirm the bullish trend.

today critical levels to watch:

Support: 0.8920, 0.8750, 0.8700

Resistance: 0.9000, 0.9100, 0.9300

GBP/JPY

GBP/JPY breakout and closed above 140.00. The pair set for further bullish continuation. It is initially moving upward and reaches as high as 141.58. However, the bullish pressure immediately reversed, and GBP/JPY trade near 140.00 again. If the pair closed below 140.00 then traders will prepare for a bearish correction.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF will attempt to breakout above 1.2000 today. Traders will wait for either breakout or rejection from the resistance level before entering positions. If the pair closed inside 1.1870 – 1.2000 at the end of the week then traders will assume the consolidation will continue.

Today critical levels to watch:

Support: 1.1867, 1.1750, 1.1730

Resistance: 1.2000