EUR/JPY

EUR/JPY distance itself further from the 121.50 support level and headed toward 123.30 resistance level. The pair upward pressure expected to continue as EU leaders just approved coronavirus stimulus. The positivism might continue while the market observing the lawmakers in the U.S.

If lawmakers in the U.S also pass another stimulus bill then we might see further upside in the risk-assets.

Today critical levels to watch:

Support: 121.50

Resistance: 123.30

EUR/GBP

EUR/GBP pushed lower yesterday and formed a bearish engulfing pattern. The bearish pressure continues in today’s trading session, bringing EUR/GBP down to reach the 0.9000 support level. We have a little bullish reaction at the current time. If the pair could close near its opening level then it might restart the bullish movement to challenge the upper trendline.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9300

GBP/JPY

The bull is charging upward and testing the 136.00 resistance level today. Will the pair breakout above 136.00 and continue its bullish trend? Alternatively, will it get rejected and start consolidation inside 135.00 – 136.00 area? No answer yet at the current time, traders might want to monitor the pair closing level for several days.

Today Critical level to watch:

Support: 135.00, 133.00, 132.50

Resistance: 136.00

GBP/CHF

GBP/CHF closed above 1.1870 level with a bullish engulfing pattern. It is initial confirmation that the pair might continue its upward movement. However, there is no major bullish follow-through yet. The pair move higher above the pattern high but currently traded back near the level.

GBP/CHF might close inside the bullish pattern range and continue consolidation near 1.1870.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000