EUR/JPY

EUR/JPY maintained the position inside the bullish channel last week. The pair expected to bounce from the bottom of the channel and continue its bullish trend. However, if the pair breakout and closes below the channel then a bearish pullback might happen toward 128.00 and 127.00.

Today critical levels to watch:

Support: 128.00, 127.00, 125.00

Resistance: 130.00, 131.50, 132.00

EUR/GBP

EUR/GBP consolidating below the 0.8600 resistance level. The pair’s next direction has not settled yet. It could continue lower to test 0.8500 or start climbing above 0.8600 and enter a bullish correction phase. At the current time, it is better to stay sideline and wait for further reaction.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8600, 0.8700, 0.8750, 0.8860

GBP/JPY

A bearish pullback toward 150.00 might happen in GBP/JPY. It is time for traders to wait near the level and prepare to enter long positions. If the bearish correction continues lower than 150.00 then 147.50 is the nearest support level.

Today Critical level to watch:

Support: 151.00, 150.00, 147.50, 145.00

Resistance: 152.00, 153.50, 156.58

GBP/CHF

GBP/CHF consolidates between 1.2800 – 1.2900 and no clear direction yet. The pair might continue consolidating between two levels and waiting for a trigger to move. On the long-term view, we think the pair set to continue its bullish trend after consolidation.

Today critical levels to watch:

Support: 1.2800, 1.2700

Resistance: 1.2900, 1.3000