EUR/JPY

EUR/JPY rejected from the 128.00 resistance level and head toward 127.00. However, the bearish pressure recedes and the pair currently attempting to breakout above the 128.00 again. We think the pair will extend the bullish trend in the long-term as long as the pair could maintain a close above 127.00 until the end of the month.

Today critical levels to watch:

Support: 127.00, 125.00

Resistance: 128.00

EUR/GBP

Same as before, the pair direction is bearish and there is no major bullish reaction yet even though the pair has moved below 0.8700. Without any change in the situation, it is better to avoid taking long positions for now and continue holding short positions.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY keeps moving to the upside and surpasses the 147.50 resistance level. Without any major bearish reaction, it seems the pair could reach 150.00 soon. Similar to the previous analysis, traders will continue to avoid short positions for now. If a bearish correction happens, traders could use 145.00 as the level to enter long positions.

Today Critical level to watch:

Support: 147.50, 145.00

Resistance: 150.00

GBP/CHF

GBP/CHF continues extending its bullish streak with strong momentum. Last week, it crossed above 1.2500 and now expected to extend its bullish movement toward 1.2700. Traders who have long positions will continue to hold the positions with a stop below 1.2700.

Traders who plan to enter long positions will wait for a bearish correction toward 1.2500.

Today critical levels to watch:

Support: 1.2500, 1.2300, 1.2200, 1.2000

Resistance: 1.2700