EUR/JPY

EUR/JPY closed above 125.00 with strong bullish momentum. The pair has moved above the previous day high and will target the 127.00 resistance level next. We are nearing the top of consolidation, traders might want to scale out or move stop order to a higher level.

Today critical levels to watch:

Support: 125.00, 123.30, 121.50, 120.30, 120.00

Resistance: 127.00

EUR/GBP

EUR/GBP made a bullish close near the trendline and 0.9000 resistance level. The pair continues moving upward today and breakout above both resistance levels. If the bull could maintain the bullish pressure and close above 0.9000 then traders could expect further bullish continuation toward the green box area.

However, if the pair closes below 0.9000 then traders will prepare for bearish continuation.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100

GBP/JPY

We have a breakout in EUR/JPY but no in GBP/JPY. The pair closed near 140.00 without a bullish breakout. There is another bullish attempt today but the pair could not break the resistance level. It seems the pair will consolidate near the 140.00 while waiting for the trigger to move.

Today Critical level to watch:

Support: 137.75, 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF pushed lower and currently testing the 1.2000 support level. No conclusion yet, will a bounce happen and the pair continue upward to test 1.2300? Alternatively, will the pair breakout lower and return to the 1.1870 – 1.2000 range again?

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750

Resistance: 1.2200, 1.2300