EUR/JPY

EUR/JPY managed to close higher in the previous trading day near 121.50 resistance. The pair has more opportunity to continue higher now. The bull needs to maintain the position near 121.50 by the end of the week to bring the odds of a bullish continuation higher.

Today critical levels to watch:

Support: 120.30, 120.00

Resistance: 121.50, 122.00

EUR/GBP

A triangle pattern formed on EUR/GBP chart and traders will wait for breakout now. No clue on the breakout direction yet. It is better to wait until the actual breakout happens before placing any major positions.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8600, 0.8750

GBP/JPY

GBP/JPY trend slowly turns bullish after two days bullish close. However, we could see lower high printed on the chart and without any higher high printed then GBP/JPY prone to further bearish attempt. 142.50 is the floor to watch where traders could look for long positions. On the upside, 144.33 and 145.00 is the level to watch for a trend change.

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 144.33, 145.00

GBP/CHF

The consolidation near 1.2700 continues and not much to expect yet in GBP/CHF. Let the pair continue its consolidation and either breakout lower or bounce from the support level.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2900, 1.3000, 1.3060