EUR/JPY

A breakout above 121.50 is critical for EUR/JPY to continue its bullish movement. The pair managed to close above the resistance level last week and at the current time, its attempt to continue the bullish movement. Traders could look for long positions near 121.50 when the pair make a test on it.

Today critical levels to watch:

Support: 121.50, 120.30, 120.00

Resistance: 122.00

EUR/GBP

Target reached and the pair made major bearish reactions from 0.8320 – 0.8400 support area. We have a valid reason to enter long positions now when the pair make retest on the support area.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8600

GBP/JPY

GBP/JPY upward stride continue and the pair managed to reach 147.50. At the current time, there is a bearish reaction and it is getting near 142.50 support level. Traders could prepare to enter long positions when the pair reach the level and form bullish reaction.

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 145.00

GBP/CHF

The breakout above 1.3060 immediately reversed and GBP/CHF fell below previous week low. If the bearish momentum gains more traction then it is better to avoid long positions for now.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2900, 1.3000, 1.3060