EUR/JPY

The bull has lost the battle and EUR/JPY set to test 125.00 also target the bottom of the orange box area. This week, the pair expected to test the 125.00 support level. If the pair closed below the level with strong bearish momentum then traders will continue to avoid long positions.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00, 128.00

EUR/GBP

EUR/GBP is on the verge of a bearish breakout. The pair has not breakout below the horizontal level around 0.8860 last week. This week might be a major test for the pair. If a bearish breakout happens then we might see the pair fall with strong bearish momentum.

today critical levels to watch:

Support: 0.8850

Resistance: 0.8920, 0.9000

GBP/JPY

GBP/JPY was rejected from the level near 142.50. The pair now expected to move lower and retest the 140.00 support level. Traders could use the support level to enter long positions when the pair could bounce from it. Short positions are not suggested as the pair short-medium-term trend is bullish.

Today Critical level to watch:

Support: 140.00, 137.75

Resistance: 142.50, 145.00

GBP/CHF

GBP/CHF is not going to break out above the resistance trendline soon. The pair formed a bearish reaction at the end of the week and this week it is expected to target the yellow box area. Below the level, there is a bullish trendline present. Traders could use the yellow box area and the trendline for reference levels to enter long positions.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750, 1.1600

Resistance: 1.2200, 1.2300