EUR/JPY

EUR/JPY has not produced a major bullish reaction from the blue box area. The pair trade bearishly last week and closed inside the blue box area. At the current time, there is a bullish reaction but limited near the top of the blue box area. Will the pair bounce and start moving upward? Alternatively, will it continue the bearish movement toward the orange box area?

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP could not breakout above the 0.8580 – 0.8600 area. We have another bearish close at the end of the week which might indicate bearish movement to test 0.8500. The pair range currently spans between 0.8500 – 0.8600 and traders will wait for a breakout from the range to confirm the next direction.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY slightly lower below 153.50 but no bearish continuation yet. The pair currently attempting to build a floor and return above 153.50. However, if the bearish movement continues then there is a chance for movement toward the 149.20 – 150.00 area. Despite the situation, traders better stick with long positions.

Today Critical level to watch:

Support: 150.00

Resistance: 153.50, 156.58, 160.00

GBP/CHF

GBP/CHF continues to maintain a position above the 1.2300 support level. The pair is trading sideway near the current level and will attempt to bounce upward. If a bullish bounce happens then the pair could target the 1.2500 resistance level. A close above 1.2500 is needed to confirm a bullish reversal.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700