EUR/JPY

EUR/JPY bounced from the 121.50 support level and there was bullish follow-through today. However, the upward movement reversed, and currently the pair trading near the opening level. U.S election is ongoing which will give a high influence on the market.

Traders might want to wait until the election result out or wait until the close of the day to determine the pair’s next direction.

Today critical levels to watch:

Support: 121.50, 120.30, 120.00

Resistance: 123.30, 125.00, 127.00

EUR/GBP

EUR/GBP lost ground and fell below 0.9000. The pair holding out near the blue trendline level at the current time. We are less optimistic that the pair will continue its bullish trend. However, if the pair could return above 0.9000 by the end of the week then there is a chance for the bull to bring the pair higher toward the green box area.

today critical levels to watch:

Support: 0.8920

Resistance: 0.9000, 0.9100, 0.9300

GBP/JPY

GBP/JPY returned above the 136.00 level and set to restart its bullish trend. There is bullish follow-through today but the pair currently trades near its opening level. Traders approaching the market carefully as the U.S election in progress. Long positions could be taken near 136.00 if the pair could maintain its position above the level by the end of the day.

Today Critical level to watch:

Support: 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF gains more ground above the 1.1870 resistance level. Another breakout above 1.1870 happens but it is too early to say that the pair will continue its bullish movement. At the current time, the pair is lower and will test the 1.1870 level. Another close below 1.1870 will extend the consolidation between 1.1750 – 1.1870.

Today critical levels to watch:

Support: 1.1750

Resistance: 1.1870, 1.2000