EUR/JPY

The target level 121.50 reached and EUR/JPY show an initial bullish reaction. We might see a bullish bounce and upward movement toward the 123.30 resistance level. At the current time, the pair might be building bullish pressure but traders might want to focus on the U.S election.

After the election result announced, there might or might not be a major change in the EUR/JPY direction.

Today critical levels to watch:

Support: 121.50, 120.30, 120.00

Resistance: 123.30, 125.00, 127.00

EUR/GBP

EUR/GBP rally canceled yesterday after the pair relinquished most of its gain and closed the day near its opening level. The pair currently under pressure near the 0.9000 support level. Will a breakout happens and the pair continues its bearish movement toward the 0.8920 support level? Alternatively, will it bounce and target the green box area again?

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY consolidates between 135.00 – 136.00 and currently building bullish pressure. On the long-term view, the pair trend is bullish which suggests a possible bullish breakout. However, if the pair closes below 135.00 and printed lower low below 132.50 then it is better to avoid long positions.

Today Critical level to watch:

Support: 135.00, 132.50

Resistance: 136.00, 140.00, 142.50

GBP/CHF

The pair might be challenging the 1.1870 resistance level. But, no change to the pair outlook yet which continues ranging between 1.1750 – 1.1870. Traders will continue to monitor the pair reaction inside the area and waiting for the breakout before deciding on major positions.

Today critical levels to watch:

Support: 1.1750

Resistance: 1.1870, 1.2000