EUR/JPY

EUR/JPY continues moving upward as the U.S election in progress. The prospect of Joe Biden winning the election remove uncertainties and help most instruments gain against risk-haven assets. EUR/JPY almost reaches the 123.30 resistance level and will attempt to break out above the resistance level.

Today critical levels to watch:

Support: 121.50, 120.30, 120.00

Resistance: 123.30, 125.00, 127.00

EUR/GBP

EUR/GBP pushed lower toward the blue trendline but the pair managed to bounce from it. The pair continues its upward movement today, surpassing the previous day high. If the bullish momentum is maintained then we might see EUR/GBP continue upward and test the green box area.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY failed to continue its bullish movement yesterday and settled inside the 135.00 – 136.00 area. Today, the pair continues moving inside the range and expected to settle inside it. Traders will wait for a breakout before deciding on GBP/JPY next direction.

Today Critical level to watch:

Support: 135.00, 132.50

Resistance: 136.00, 140.00, 142.50

GBP/CHF

GBP/CHF formed a bearish engulfing pattern despite the higher high printed on the chart. It seems the bull could not move past above September high. At the current time, the pair expected to continue moving between the 1.1750 – 1.1870 area.

Today critical levels to watch:

Support: 1.1750

Resistance: 1.1870, 1.2000