EUR/JPY

EUR/JPY sticks near the 127.00 resistance level and keeps building bullish pressure. The price slowly gains an advantage on the resistance level and might continue upward to target 128.00 next. Traders will observe the price reaction at the resistance level now. If the price forms a major bearish reversal pattern then traders could enter short positions.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00, 128.00

EUR/GBP

EUR/GBP closed the week at the 0.8750 support level. The price printed further lower low today and expected to target 0.8700 next. There is no major bullish reaction yet from the support level and traders will continue to avoid taking long positions for now.

today critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8860, 0.8920, 0.9000

GBP/JPY

GBP/JPY easily extend its bullish movement as it crossed above 145.00 last week. The bullish pressure has not receded this week. The pair continues moving upward above the previous week’s high and set to target 147.50. Without any major bearish reversal, traders will continue to avoid short positions.

Today Critical level to watch:

Support: 145.00

Resistance: 147.50

GBP/CHF

GBP/CHF used the 1.2300 support level to bounce and continue its bullish trend. The pair now will target the 1.2500 resistance level next. Traders who have entered long positions near 1.2300 could continue to hold the positions with a stop below the support level.

Today critical levels to watch:

Support: 1.2300, 1.2200, 1.2000

Resistance: 1.2500