EUR/JPY

EUR/JPY breakout above the 121.50 resistance level and yesterday there is a further bullish close above the level. The pair currently move further higher above the previous day high. If the bullish pressure maintained then EUR/JPY might reach 123.30 resistance level soon.

Long positions could be taken near the 121.50 when there is a bullish reaction.

Today critical levels to watch:

Support: 121.50

Resistance: 123.30

EUR/GBP

EUR/GBP on the path higher above the 0.9000 after it managed to close above the level. The current outlook turned bullish and traders might want to avoid shorting the pair for now. If the pair make another bearish attempt then 0.9000 will become the level to watch again.

On the upside, 0.9300 is the long-term target.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9300

GBP/JPY

GBP/JPY stalled near the 135.00 – 136.00 area. The pair slightly rejected from the area, however, no significant bearish pressure till now. Yesterday, GBP/JPY fell with strong momentum but manage to reverse the pressure and close the day near the opening level.

Currently, GBP/JPY will retest the 135.00 – 136.00 area again. Will a breakout happen this time?

Today Critical level to watch:

Support: 133.00, 132.50

Resistance: 135.00, 136.00

GBP/CHF

The rejection from 1.1870 has strong momentum but it seems the bull managed to reduce the bearish advantage. GBP/CHF relinquish most of its bearish gain and closed not far from the opening level. If the bull could push the pair further higher and close near 1.1870 then it is possible GBP/CHF could breakout higher toward 1.2000.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000