EUR/JPY

EUR/JPY made a bearish close yesterday though not a significant one. The pair currently move upward and testing the previous day high. A breakout above the high will bring the pair to test 127.00 as expected. If the further bullish breakout happens above 127.00 then we will see a major bullish movement targeting 130.00.

Traders will continue to observe the pair reaction near the resistance level for now. On the other hand, if the pair formed a major bearish reaction then it might continue ranging between 121.50 – 127.00.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00

EUR/GBP

EUR/GBP flip-flopping near the 0.9000 level. One day the pair breakout above the level, today the pair breakout below the level. It seems the pair will continue trading near the level while waiting for the next direction settled. Under the current situation, there are higher odds for the bull to make a bounce and continue moving upward to the green box area.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100

GBP/JPY

GBP/JPY make a breakout above the triangle pattern today. The pair set loose above 140.00 and will continue its bullish trend. If the pair could close the weekly trading above the 140.00 resistance level then we will expect further upside next week. Traders could use 140.00 as the level to look for long positions when retest happen.

Today Critical level to watch:

Support: 137.75, 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

The bull is attempting to build bullish pressure before the close of the weekly trading. GBP/CHF climb above 1.2000 today and maintain the level above it. If the pair could close above 1.2000 then we might see further bullish movement in the coming week.

Today critical levels to watch:

Support: 1.1870, 1.1750

Resistance: 1.2000, 1.2200, 1.2300