EUR/JPY

The pair closed inside 120.00 – 120.30 area and expected to continue consolidation between the levels. If the pair could bounce from the support area then EUR/JPY might continue its upward movement to test 121.50 and the top of the bearish channel. However, if breakout and close below 120.00 happen then traders might want to avoid long positions.

Today critical levels to watch:

Support: 120.00

Resistance: 120.30, 121.50, 122.00

EUR/GBP

Pound sterling certainly gaining after BOE set the interest-rate steady. The Brexit event is taking place today and EUR/GBP continues under pressure near 0.8400. Traders will wait for further reaction near the current level to gauge EUR/GBP next direction.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8600, 0.8750

GBP/JPY

GBP/JPY closed the day as a bullish engulfing pattern and warrant further upside. The pair continues its upward movement today and might close above the previous day high. As long as the pair maintain the level above 142.50 then it has a chance to continue the bullish pressure.

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 144.33, 145.00

GBP/CHF

While the Brexit event takes place, GBP/CHF climb above 1.2700 and trying for a breakout. Currently, the pair slightly lower and traded near 1.2700 resistance above the opening level. Where the pair will settle at the end of the day?

If the pair closes below 1.2700 then traders will expect GBP/CHF to trade between 1.2500 – 1.2700. On the other hand, a close above 1.2700 might trigger further bullish pressure.

Today critical levels to watch:

Support: 1.2600, 1.2500, 1.2300

Resistance: 1.2700, 1.2900, 1.3000