EUR/JPY

EUR/JPY closed lower with strong bearish momentum in the Friday trading session. The close is inside 120.00 – 120.30 support area. The support area continue to play a major role in the pair trend. As long as there is no breakout and close below the area then EUR/JPY might bounce and start moving higher.

If a close below 120.00 support level happens then 119.20 will become the downward target.

Today critical levels to watch:

Support: 120.30, 120.00

Resistance: 121.50, 122.00

EUR/GBP

No major momentum movement happened in EUR/GBP, the pair currently trades at the middle of 0.8400 and red trendline. It might continue trade sideways for now and waiting for momentum movement outside of the range.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8600, 0.8750

GBP/JPY

The odds are tilting to the short side as GBP/JPY distance itself from the 142.50 level. If the pair could add more bearish pressure and close below previous week low then traders will expect a test on 140.00. Long positions could be considered near 140.00 when there are bullish reactions.

Today Critical level to watch:

Support: 141.00, 140.00

Resistance: 142.50, 144.33, 145.00

GBP/CHF

No new setup in GBP/CHF as the pair maintain the positions inside 1.2500 – 1.2700 range. This week, the pair will continue to trade inside the range while waiting for breakout.

Today critical levels to watch:

Support: 1.2500, 1.2300

Resistance: 1.2600, 1.2700, 1.2900, 1.3000