EUR/JPY

We have a major bullish reaction at the end of the week which brought EUR/JPY to close near 120.00 – 120.30 area. The pair might attempt to move further higher this week. If the pair could close above the 120.00 – 120.30 area then it is possible for bullish continuation toward the top of the channel happens.

Today critical levels to watch:

Support: 119.20, 117.80, 115.80

Resistance: 120.00, 120.30

EUR/GBP

EUR/GBP jumped and closed above 0.9000 last week. The pair has strong bullish momentum and might extend it this week. Traders who are looking for long positions might want to wait until the pair make a bearish pullback to 0.8920 – 0.9000 area.

today critical levels to watch:

Support: 0.9000, 0.8921

Resistance: 0.9300

GBP/JPY

GBP/JPY did not follow bullish other XXX/JPY direction last week. The other pair managed to stage a rally against Japanese yen but GBP mostly under pressure. If the pair continue to weaken then traders will expect the pair to reach 130.00 support level.

Today Critical level to watch:

Support: 130.00

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF path continues lower without any bullish sign. It will be hard to pinpoint where the pair will reverse its direction. At the current time, traders will wait sideline until the pair find a major support level to bounce.

Today critical levels to watch:

Support: –

Resistance: 1.2000