EUR/JPY

EUR/JPY fall deeper below 121.50 and no bullish sign. The pair getting near 120.00 round number and might reach it this week. If a bullish correction happens then traders could look for short positions near the trendline and 121.50. At the current time, it is better to stay sideline.

Support: 120.00

Resistance: 121.00, 121.50, 122.00

EUR/GBP

EUR/GBP rejected from the bottom of its bullish channel and today the pair continue lower to reach 0.8920 support level. The bearish pressure has strong momentum which suggests traders wait for further bullish confirmation near 0.8920. Without bullish close near the support level, EUR/GBP might continue its downward movement.

today critical levels to watch:

Support: 0.8920, 0.8900

Resistance: 0.9000

GBP/JPY

GBP/JPY stopped falling and building floor at the bottom trendline. The price bouncing up and down between the trendline and resistance 135.00. It seems the bull has the upper hand and we might see upside breakout soon. Traders need to wait until the pair close above 135.00 to get a bullish correction confirmation.

Despite the bullish pressure, it is better to wait for bearish chance near 136.00 and the top trendline.

Today Critical level to watch:

Support: 134.00

Resistance: 135.00, 136.00, 137.40

GBP/CHF

GBP/CHF breaks above the top of the channel and currently trading at 1.2300. The pair might finally overturn its bearish trend and ready to start the new bullish leg. A close above 1.2300 is a confirmation that the pair will continue its bullish movement.

Today critical levels to watch:

Support: –

Resistance: 1.2300, 1.2500