EUR/JPY

EUR/JPY closed below 121.50 and tested 120.00 – 120.30 area in the Friday trading session. The pair attempted to bounce and managed to reach 121.50. However, it lost the bullish momentum and relinquished most of its gain. The pair settled not far from its opening level.

This week, the pair might range inside 120.00 – 121.50 with a bearish bias.

Today critical levels to watch:

Support: 120.30, 120.00

Resistance: 121.50, 123.30, 125.00

EUR/GBP

EUR/GBP currently trade inside the 0.8920 – 0.9000 area. The pair has bullish bias and we expect breakout above 0.9000 for the upward continuation. Traders could enter long positions whenever the pair make a bearish correction and traded near 0.8920 or 0.8862.

today critical levels to watch:

Support: 0.8862, 0.8750

Resistance: 0.8920, 0.9000

GBP/JPY

GBP/JPY pushed below 135.00 – 136.00 area. The pair attempted to return above the resistance level but got rejected from the area. This week, the pair might start moving lower again. 132.50 – 133.00 is the nearest area to watch, below the area, 130.00 is the major support level where the pair might bounce.

Today Critical level to watch:

Support: 133.00, 132.50, 130.00

Resistance: 135.00, 136.00, 140.00

GBP/CHF

GBP/CHF settled inside the 1.1870 – 1.2000 area. The pair bearish pressure has stopped in the Friday trading session. However, the pair might continue its bearish movement this week if it could close below 1.1870. Meanwhile, traders will expect the pair to range inside 1.1870 – 1.2000.

Today critical levels to watch:

Support: 1.1867

Resistance: 1.2000, 1.2300, 1.2500