EUR/JPY

The breakout above 127.00 has happened and the pair easily reach 128.00. We expect the pair to continue its bullish trend and target 130.00. However, if the pair reverse and closed back below 127.00 at the end of the month then traders will rule-out the bullish scenario and switch-back to a bearish scenario.

Today critical levels to watch:

Support: 127.00, 125.00

Resistance: 128.00

EUR/GBP

EUR/GBP continue moving bearishly without any bullish sign. The situation is the same as yesterday, the pair currently testing the 0.8700 support level. Traders could take speculative long positions at the current level with a tight stop below 0.8700.

today critical levels to watch:

Support: 0.8700

Resistance: 0.8750, 0.8860

GBP/JPY

GBP/JPY reached the 147.50 resistance level yesterday. The pair easily moving upward in a bullish trend and there is no major bearish reaction yet. Similar to the previous day analysis, traders who have long positions will continue to hold the positions until there is a major bearish reversal pattern forms.

Today Critical level to watch:

Support: 145.00

Resistance: 147.50, 150.00

GBP/CHF

GBP/CHF on the path higher and set to target 1.2500 resistance level. Same as the situation in GBP/JPY, there is no major bearish reversal pattern yet. As long as there is no bearish reaction, traders could continue to hold long positions.

Today critical levels to watch:

Support: 1.2300, 1.2200, 1.2000

Resistance: 1.2500