EUR/JPY

EUR/JPY extended its bullish close above 119.20 and getting near the 120.00 – 120.30 resistance area. The pair currently testing the long-term bearish channel and might breakout above it. We think the bearish trend could continue as long as the channel maintained by the end of month

On the monthly chart, we could see EUR/JPY currently testing the top of the channel. The pair’s next direction will depend on the reaction from the top of the channel.

Today critical levels to watch:

Support: 119.20, 117.80

Resistance: 120.00, 120.30.

EUR/GBP

A bearish pin bar followed by a bearish confirmation below the candlestick pattern is what bear traders need. EUR/GBP currently has moved below the pin bar low. If the bear could continue to maintain the bearish pressure then traders will expect EUR/GBP to start a bearish correction toward 0.8920

today critical levels to watch:

Support: 0.8920, 0.8862, 0.8750

Resistance: 0.9000

GBP/JPY

GBP/JPY broke above 132.50 – 133.00 area and show further bullish sign. The pair might continue upward and test the 135.00 – 136.00 area. On the long-term view, GBP/JPY currently consolidates between 130.00 – 136.00 and expected to trade inside the area.

Today Critical level to watch:

Support: 133.00, 132.50, 130.00, 128.20

Resistance: 134.50, 135.00, 136.00

GBP/CHF

GBP/CHF holding out near 1.18700 without a clue in the next direction. The pair might continue stick near the level for now. If the pair moves higher then traders will observe the reaction near the 1.2000 level. On the other hand, bearish movement with strong momentum below 1.1870 will become the sign to add more short positions.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000