EUR/JPY

EUR/JPY started a bearish correction and currently trades below the 140.50 handles. The pair might continue under pressure nearing the announcement of the U.S FOMC meeting this week. If the pair could stage a bullish reaction from the 140.50 or 137.40 support level then traders could enter long positions.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00, 134.50

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP moving upward to test the 0.8580 – 0.8600 area. The pair continue building bullish pressure and will attempt to breakout above the area. A breakout and close above the area will confirm the continuation of the long-term bullish trend. However, without a breakout, the pair will continue the ranging movement between 0.8500 – 0.8600.

Today’s critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY started a bearish correction and might continue downward to test the 161.00 support level. As mentioned in the previous analysis, if the pair could reach the level and produce a bullish reaction then traders could enter long positions. We think the long-term bullish trend will continue as long as the pair continue printing higher high and higher low.

Today Critical level to watch:

Support: 161.00, 160.00, 158.15, 156.58

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF got rejected from the 1.2300 resistance level and moved lower. The pair currently trading near the 1.2125 level and might close near it. This week, traders are waiting for the Fed interest-rate announcement. GBP/CHF next direction might depend on the announcement and the weekly closing level.

Today’s critical levels to watch:

Support: 1.2125, 1.2000

Resistance: 1.2300