EUR/JPY

EUR/JPY broke above the 131.50 – 132.00 resistance level. However, the pair reversed the direction and it settled below the area before the end of the week. The pair’s long-term direction is bullish but it needs to maintain the current higher high and higher low to continue the bullish movement. On the downside, traders will observe the blue and orange box area for a possible bounce.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50, 135.00

EUR/GBP

EUR/GBP got rejected from the top trendline and closed below the 0.8400 level. The pair might continue under pressure and attempt to print a new lower swing low. No confirmation yet on whether the pair will continue lower or start moving upward to break above the trendline. It is better to stay sideline for now.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY closed the week near the 156.50 resistance level. No clean breakout from the resistance level yet. The pair might continue to consolidate near the current level and wait for a reaction. If the pair moves lower then traders will observe the pair reaction near the trendline.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF indicates a medium-long term bullish reversal, but the pair has not printed a higher swing high yet. The pair is expected to continue trading near 1.2500 for now. If the pair trade lowers then traders will observe the pair reaction near the trendline. If a bounce happens then traders could enter long positions.

Today critical levels to watch:

Support: 1.2500, 1.2300, 1.2000

Resistance: 1.2600, 1.2700