EUR/JPY

EUR/JPY is set to close the month above 127.00 and confirm the breakout above the resistance level for the first time since 2018. The pair might start a bearish correction to test 127.00. When a retest happens, traders could consider entering long positions on bullish reaction.

Today critical levels to watch:

Support: 127.00, 125.00

Resistance: 128.00

EUR/GBP

EUR/GBP made a bullish correction and managed to reach the 0.8700 level. The pair attempted to move upward today but it seems the 0.8700 resistance level continues to limit the upside. Traders will monitor the pair reaction between 0.8700 – 0.8750 and enter short positions on major bearish rejection.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY completed the 150.00 targets and formed a bearish reaction. The pair started moving lower today and currently testing 147.50. We think the bearish pullback might extend toward 142.50 – 145.00. Traders will use the current bearish pullback as a chance to enter long positions.

Today Critical level to watch:

Support: 147.50, 145.00

Resistance: 150.00

GBP/CHF

GBP/CHF bullish streak has stopped after the previous day’s bearish close. The pair get rejected from the 1.2800 – 1.2900 area. Traders will observe the 1.2300 and 1.2500 support levels for a possible bullish reversal. At the current time, it is better to avoid short positions as the trend is bullish.

Today critical levels to watch:

Support: 1.2500, 1.2300

Resistance: 1.2700, 1.2800, 1.2900, 1.3000