EUR/JPY

EUR/JPY slowly pushed lower as Japanese Yen continue gaining across the global market. However, no major bearish movement happened yet and the pair might close near 119.20 by the end of the week. At the current time, Euro surprisingly taking out U.S dollar and become one of the “Safe-haven” currency.

In the medium-long-term, we think the pair will continue lower and target 117.80.

Today critical levels to watch:

Support: 119.20, 117.80

Resistance: 120.00, 120.30, 121.50

EUR/GBP

EUR/GBP slightly lower but recovered its ground today to trade near 0.8700. The pair might attempt to continue higher and test the 0.8750 resistance level. Traders will continue holding long positions while monitoring the pair reaction near the resistances level.

today critical levels to watch:

Support: 0.8600, 0.8500

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY printed a lower low on the daily chart and expected to extend its bearish movement toward 136.00 support level. No change to the direction yet, the world is fearful of coronavirus and its impact on the economy. No good news yet, which means GBP/JPY will continue lower at least until effective cure found.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00

GBP/CHF

The bullish engulfing pattern above 1.2300 was broken but no close above the candlestick high. GBP/CHF reversed its direction and start falling again today. We have lower low printed on the chart and GBP/CHF on track lower toward 1.2000 support level.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500