EUR/JPY

A major surprise was seen in EUR/JPY movement yesterday. The pair stage a bullish rally and closed near the 125.00 resistance level. The pair might extend its bullish movement and continue moving upward to continue the bullish trend. At the current time, if the pair moves toward 123.30 then traders could consider entering long positions.

Today critical levels to watch:

Support: 123.30, 121.50, 120.30, 120.00

Resistance: 125.00, 127.00

EUR/GBP

The bullish structure on EUR/GBP slowly losing power as the pair breakout below the trendline today. The pair has moved below 0.8920 and there is no bullish reaction. Soon the pair will reach September low and test it. Without any bullish reaction, it seems the pair will continue lower and target 0.8750.

today critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8920, 0.9000

GBP/JPY

GBP/JPY jumped from the 135.00 – 136.00 area and closed significantly higher yesterday. The pair extend its bullish movement and target the 140.00 resistance level. Under current bullish momentum, the pair might breakout above 140.00 and continue further higher toward the 142.50 resistance level.

In the long-term, GBP/JPY could extend its movement toward 145.00 and 150.00

Today Critical level to watch:

Support: 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF finally break the status quo and made a bullish close near the 1.2000 resistance level. The pair add more bullish pressure today and sharply higher above 1.2000. Under current bullish momentum, the pair might continue upward toward 1.2300 resistance next.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750

Resistance: 1.2300