EUR/JPY

EUR/JPY shows bullish continuation but not breakout above the 123.30 resistance level yet. The pair might continue consolidation inside the 121.50 – 123.30 area until breakout happens. Without any close above 123.30 then traders will expect the pair to attempt for another lower low below 121.50.

Today critical levels to watch:

Support: 121.50, 120.30, 120.00

Resistance: 123.30, 125.00, 127.00

EUR/GBP

EUR/GBP currently trading near the 0.9000 level and looking for a bounce from it. The overall movement is sideways near the level and traders will continue waiting for the price to either bounce or breakout below the level. If a bounce happens then the green box area will become a target. On the other side, the blue trendline and 0.8920 will become the major focus.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY sticks near the 136.00 level without a strong reaction yet. The pair continue to maintain the bullish pressure but could not jump from the level. Traders could use the moment to enter long positions with a stop below the previous swing low. However, we might see a triangle pattern formed on the pair which shows indecision.

Today Critical level to watch:

Support: 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

It’s all the same for GBP/CHF with the pair continue trading between 1.1750 – 1.1870. No breakout even though the pair move with strong momentum up and down. Similar to the previous week’s strategy, traders will continue waiting sideline for a breakout.

Today critical levels to watch:

Support: 1.1750

Resistance: 1.1870, 1.2000