EUR/JPY

EUR/JPY slipped in today’s trading session but managed to bounce from 120.00 – 120.30 support level. The pair expected to continue upward and test 121.50 resistance level. Currently, the pair projection is inside 120.00 – 121.50. Without any breakout, EUR/JPY will continue its ranging movement inside the range.

Today critical levels to watch:

Support: 120.30, 120.00, 119.20, 119.00

Resistance: 121.50

EUR/GBP

No escape from the box area yet which means EUR/GBP will continue its ranging movement for now. Traders could continue to stay sideline or apply ranging strategies.

today critical levels to watch:

Support: 0.8600

Resistance: 0.8750, 0.8800

GBP/JPY

A breakout will happen soon, traders need to be patient at the current time. We favor bullish breakout in GBP/JPY and prepare to enter long positions with tight stops below the trendline. If the breakout direction is downward the GBP/JPY will make correction toward 135.00 – 136.00

Today Critical level to watch:

Support: 140.00, 137.00, 136.00

Resistance: 141.00

GBP/CHF

Similar to the previous day analysis, no clue yet on the next direction. GBP/CHF might continue its consolidation near the ascending triangle pattern. Traders will continue to wait sideline for now.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2900, 1.3000