EUR/JPY

EUR/JPY reached the 119.20 resistance level yesterday. The pair is on a bullish streak which might extend toward 120.00 – 120.30. Today, there is no further bullish follow-through yet by the bull. If the pair could close above 119.20 and near 120.00 then we will expect further upside in the coming days or weeks.

On the other hand, if the pair form a major bearish pattern from the resistance level then we will expect bearish correction toward 117.80.

Today critical levels to watch:

Support: 117.80, 116.30, 116.00,

Resistance: 119.20, 120.00

EUR/GBP

EUR/GBP is testing the 0.9000 resistance level today. The pair currently move above the resistance level several pips away. If the bull could close the pair above 0.9000 at the end of this week then traders will expect EUR/GBP to continue its bullish movement.

today critical levels to watch:

Support: 0.8920, 0.8862, 0.8750

Resistance: 0.9000

GBP/JPY

We have an ongoing consolidation near the 132.50 – 133.00 resistance area. No major reaction yet from the resistance area. Traders will continue to monitor the pair reaction at the current time. Without strong bullish close above the resistance area, GBP/JPY might start moving lower again to target 130.00.

Today Critical level to watch:

Support: 130.00, 128.20

Resistance: 132.50, 133.00, 134.50

GBP/CHF

GBP/CHF consolidating near the 1.1870 level without a clue in the next direction yet. The pair expected to stick near the level and waiting for trigger to move. If the pair moves higher then 1.2000 will become the level to watch. We think the pair might move lower and continue its long-term bearish trend.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000