EUR/JPY

EUR/JPY comfortably reaches the 121.50 support level as the orange area is maintained. The pair now will wait for a strong reaction from the 121.50 support level. If a major bullish pattern formed then traders could enter long positions. On the other hand, if a bearish breakout happens then the pair might continue downward to test the 120.00 – 120.30 area.

Today critical levels to watch:

Support: 121.50, 120.30, 120.00

Resistance: 123.30, 125.00, 127.00

EUR/GBP

EUR/GBP managed to maintain the 0.9000 support level. The pair show an initial bounce from the level today. If the bull could maintain the bullish pressure and print a higher high on the daily chart then EUR/GBP will start moving higher again to target the green box area.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY closed between 135.00 – 136.00 and no major breakout of the range yet. This week, the pair will continue testing the area and looking for a breakout. Traders will wait for an actual break and close outside of the range before placing major positions.

Today Critical level to watch:

Support: 135.00, 132.50

Resistance: 136.00, 140.00, 142.50

GBP/CHF

No change to the outlook of GBP/CHF which continues limited inside the 1.1750 – 1.1870 range. The pair movement expected to continue inside the range for now and traders will continue apply ranging strategies. A stop could be place above the previous swing high or below the previous swing low to anticipate possible breakout.

Today critical levels to watch:

Support: 1.1750

Resistance: 1.1870, 1.2000