EUR/JPY

EUR/JPY has not breakout from the triangle area and currently has a range between 117.80 – 119.20. No clue on which direction the pair will break out next. However, the long-term trend of the pair still bearish. Traders who want to take short positions could use the level above 120.30 to put stop orders.

On the lower side, traders who want to enter long positions will use 117.80 as a reference level for a stop order.

Today critical levels to watch:

Support: 117.80, 115.80

Resistance: 119.20, 120.00, 120.30

EUR/GBP

EUR/GBP started a bearish correction and bounced from the 0.9000 handles as expected. The pair settled at 0.9189  at the end of the week and set to continue its upward movement this week. Traders who have no long positions might want to wait for a bearish correction before entering positions.

today critical levels to watch:

Support: 0.9000, 0.8921

Resistance: 0.9300, 0.9500

GBP/JPY

GBP/JPY attempted a bullish reversal from 125.00. Initially, it could surpass 130.00 resistance. However, at the end of the week, the pair retreated and closed below the level. This week, the pair will trade between 128.20 – 130.00 while waiting for a breakout. Without major bullish close above 130.00, the pair is at the risk of further bearish pressure.

Today Critical level to watch:

Support: 128.20, 125.00

Resistance: 130.00

GBP/CHF

The bull could not break and close above two days range. In the end, GBP/CHF closes inside the Thursday range and suggests further consolidation. If the pair could not make bullish close above the Wednesday candlestick high then traders will expect more bearish pressure toward 1.1200.

Today critical levels to watch:

Support: 1.1200

Resistance: 1.2000