EUR/JPY

Euro shooting up across the global market as the market less confident on the U.S dollar. At the current time, the market pricing-in a rate-cut by the Fed in April. Moreover, there are three rate-cut expected this year. It affected the Euro and Japanese Yen. People flight from the U.S dollar and enter Euro and Japanese Yen.

When all of the Japanese Yen opposites under pressure, Euro only suffers little pushdown. It seems the pair might maintain the level near 120.00 – 120.30 by the end of the week.

Today critical levels to watch:

Support: 120.00, 119.20

Resistance: 120.30, 121.50

EUR/GBP

Euro is gaining across the global market and no opposite pair could oppose it for now. EUR/GBP extends its gain today and getting ready to test the horizontal line. It might reach the level and pause near it. If the buying continues in the global market then traders could expect further upside in the coming week.

today critical levels to watch:

Support: 0.8600, 0.8500

Resistance: 0.8700

GBP/JPY

Traders and investors are dumping the U.S dollar and the other safe-haven currencies become the target to collect. The other safe-haven currency is the Japanese Yen. GBP/JPY losing more ground and reach 140.00 support level today. The pair will continue testing the support level at the current time. It might close near the support level by the end of the week and continue lower next week.

Today Critical level to watch:

Support: 140.00

Resistance: 141.00, 142.50, 144.33, 145.00

GBP/CHF

Yesterday, GBP/CHF dropped and closed below 1.2500. Today, the only direction for the pair is downward. Traders will avoid taking long positions at the current time and planning short positions when the pair make correction toward 1.2500.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2700, 1.2900, 1.3000