EUR/JPY

We have a possible winner of the tuck-o-war near 120.00 – 120.30. The bull is in control and secured a close above 120.30. If it could maintain the position above the resistance level by the end of the week then we could expect further upside toward 121.50. Traders could enter long positions when retests at 120.30 happen.

Today critical levels to watch:

Support: 120.30, 120.00, 119.20, 119.00

Resistance: 121.50

EUR/GBP

After the close below green box area, EUR/GBP trade slowly near the level. Despite the slow movement, we could see the bearish trend progressing. Yesterday, the pair made bearish momentum movement and a lower low printed. Without any change in the situation then EUR/GBP expected to reach 0.8400.

today critical levels to watch:

Support: 0.8500

Resistance: 0.8600, 0.8750, 0.8800

GBP/JPY

The bull finally emerged and brought the pair higher yesterday to close near the swing high. Today, the pair attempted to move higher but might not able to close above the previous swing high. We think the bull will push the pair further upward and continue the bullish trend.

Today Critical level to watch:

Support: 141.00, 140.00, 137.00, 136.00

Resistance: 142.50, 145.00

GBP/CHF

The pair launched upward and closed near 1.2900. it is a bullish sign and a close above 1.2900 will trigger further upside in the pair. There is no reason to take short positions now. Wait until the pair form major bearish pattern to enter long positions. On the other hand, long positions after breakout and retest of 1.2900 happen are the safer option.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2900, 1.3000