EUR/JPY

EUR/JPY formed a bullish engulfing pattern yesterday and the pair continues its upward movement today. The 120.00 – 120.30 area broken to the upside and EUR/JPY might be able to reach 121.50 targets. Traders who want to enter long positions could use 120.00 – 120.30 as the level to take long positions.

Today critical levels to watch:

Support: 120.30, 120.00, 119.20

Resistance: 121.50, 123.30

EUR/GBP

EUR/GBP attempting to breakout above the previous month high but no close above it yet. At the current time, EUR/GBP maintains the positions above 0.9000 and will continue to make a bullish attempt above the previous month high.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9300

GBP/JPY

The bullish reaction from 132.50 formed a bullish engulfing pattern which confirmed to the upside today. The pair might continue moving upward and reach the 135.00 – 136.00 area. At the current time, GBP/JPY expected to trade between 132.50 – 136.00.

Today Critical level to watch:

Support: 133.00, 132.50, 130.00

Resistance: 135.00, 136.00, 140.00

GBP/CHF

GBP/CHF closed the day as a bullish harami pattern. No breakout below the previous month low which means the pair will trade between the low and 1.18700 resistance level. Traders will wait for a breakout from the range for now.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000, 1.2300